World’s biggest wealth fund posts heavy losses ...News

Russia Today - Economy

Norwegian investments lost over $30 billion in the third quarter amid global growth concerns Norway’s $1.4 trillion sovereign wealth fund, the world’s largest, has reported losses of 2.1% in the third quarter, citing financial market uncertainty. According to a statement on Tuesday, the Norwegian Government Pension Fund Global lost 374 billion kroner ($34 billion) during the three-month period. Its fixed-income portfolio was also down 2.2%. Overall, the fund’s total return was 0.17 percentage points higher than its benchmark index. The fund also reported a quarterly loss of 3.3% on its investments in unlisted real

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World’s biggest wealth fund posts heavy losses ...News

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