00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Norway's $2.3 trillion sovereign wealth fund reported a nearly $30 billion loss in the third
00:08quarter as rising interest rates weighed on its bond investments, according to CNBC.
00:14The world's largest sovereign wealth fund recorded a 3.5% loss on fixed income investments,
00:20which account for just over a quarter of its portfolio. Equity investments returned 0.5%,
00:27with energy stocks outperforming utilities and real estate. The fund holds stakes in around
00:337,100 companies worldwide, including Nvidia, Apple, Alphabet, and Microsoft. Last month,
00:41the fund said it wanted to reduce its U.S. Treasury holdings as part of broader plans to
00:45cut government debt exposure. The third quarter loss followed a record first-half profit of nearly
00:51$185 billion. For all things money, visit Benzinga.com.
