Norway's Sovereign Wealth Fund Faces $34 Billion Loss in Q3

Norway's $1.4 trillion sovereign wealth fund, the world's largest, reported losses of 2.1% in the third quarter, amounting to $34 billion, as all asset classes fell in value. The fund cited a weaker three-month period compared to the first half of the year, with the stock market performing poorly, particularly in the tech, industrials, and consumer discretionary sectors. The losses come amidst longer-term concerns about the broader economic environment. Equities made up 70.6% of the fund's investments at the end of the third quarter.