Norway Wealth Fund Cautious on Tech After Q3 Loss
Norway's sovereign wealth fund reported a third-quarter loss of 278 billion crowns. Officials noted a cautious approach to equity markets and major technology holdings.
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Norway's $2.3 trillion sovereign wealth fund reported a loss of 278 billion crowns ($29.7 billion) for the third quarter, driven by rising interest rates. The fund adopted a cautious stance on equity markets and large technology companies. The quarterly return underperformed its benchmark index by 0.18 percentage point.
