USSTOCK.TODAY
Weekend. Closed
Log in Sign up

Norway's sovereign wealth fund records $30 billion loss in Q3

CNBC ·

  1. 1Norges Bank Investment Management announced a $30 billion loss in its investment portfolio during the third quarter.
  2. 2NBIM's accounting loss for the period was 278 billion kroner ($29.7 billion).
  3. 3Deputy CEO Trond Grande said rising interest rates led to poor bond investment results, leaving fund returns nearly unchanged and ending slightly negative.

So what's the key point?

Norway's sovereign wealth fund recorded a $30 billion loss in the third quarter. Rising interest rates caused bond investment results to decline, resulting in a slightly negative return.

Source CNBC · View original ↗

Related 3-line summaries

Nio US-listed shares hit 18-month low Bloomberg +2 · 2d agoRentokil Initial reports 3.4% organic revenue growth in Q3 and approves $200 million share buyback Nasdaq +1 · 2d agoLondon Stock Exchange Group to Acquire Octus for $3.535 Billion and Raises Earnings Outlook Investing.com +2 · 2d ago
Today's 5 AI picks, all free
Nothing hidden: past picks and how they did against the S&P 500.
See today's picks →
← Back to news