Norway’s sovereign wealth fund reports a roughly $30 billion loss in the third quarter, attributing the decline largely to weaker bond prices linked to rising interest rates. Quartz and Euronews both describe fixed-income performance as the main drag, while equities rise modestly in at least one account.
Across outlets, the fund’s overall return is presented as near flat to slightly negative. Quartz says the fund returned -0.5% for the quarter, with fixed-income investments down 3.5% and equities up 0.5%. Euronews similarly frames the result as a $30 billion loss and focuses on falling bond prices. Free Malaysia Today adds that the deputy CEO, Trond Grande, characterizes the return as close to flat and slightly negative, again pointing to weaker fixed-income results.
