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 estate, while the third-quarter loss on its renewable energy infrastructure investments came in at 2.4%.
