October 22, 2026
Ask, here is a rephrasing of the news in a professional journalistic style, while adhering to all the facts, figures, and names mentioned:
The Norwegian sovereign wealth fund, the largest in the world, reported investment losses amounting to about $29.7 billion (equivalent to 278 billion Norwegian kroner) during the third quarter of 2026, affected by the rise in interest rates and the decline in the value of investments in bonds.
The fund’s management, whose assets exceed $2.3 trillion, reported that the return on its global investments recorded a negative rate of 0.5% during the period extending from July to September.
Trond Grande, Executive Vice President of the Fund, attributed these negative results mainly to the decline in the performance of fixed-income investments, which constitute about 25.8% of the total portfolio, as the rise in interest rates led to a decline in bond prices, which pushed the total return towards the area of slight loss despite being close to the break-even level.
In the same context, the fund’s management expressed a cautious stance towards stock markets and a number of major technology companies, amid a state of volatility related to the artificial intelligence sector and existing concerns about company valuations.
It is noteworthy that the Norwegian sovereign wealth fund invests the country’s oil and gas revenues in global markets, and owns shares in about 7,100 companies—equivalent to an average of 1.5% of the shares of listed companies globally—in addition to its holdings in the bond sectors, real estate, and renewable energy projects. These losses show part of the continuing effects of interest rate movements on major investment portfolios, despite the diversification of their assets and their wide spread in global markets.
