Aktien: Norwegens Staatsfonds verbucht Milliardenverlust
Der Abverkauf am Anleihemarkt trifft auch den weltgrößten Staatsfonds. Für den Ölfonds ist es schon der zweite Quartalsverlust in diesem Jahr.
Frankfurt - Norway's sovereign wealth fund, Norges Bank Investment Management (NBIM), reported a billion-dollar loss in the third quarter of 2023. The world's largest state-owned investment fund saw a return of minus 0.5 percent from July 1st to September 30th, according to NBIM's management. The computed loss amounted to 278 billion Norwegian Kroner (26.5 billion Euros).
NBIM is a division of the Norwegian central bank. The fund invests in the revenues generated by Norway's oil and gas production, making it the largest single investor in the world with an estimated fortune of 2.3 trillion dollars.
Trond Grande, NBIM's deputy head of management, attributed the slight negative return to weaker results in bond investments. The sector recorded a loss of 3.5 percent in the third quarter, as per NBIM's figures. However, the fund's return remained almost unchanged, Grande stated. In recent months, returns on the bond market have surged significantly.
Ten-year US Treasury bonds, for instance, saw the strongest return increase in over three decades in the third quarter. This boost in bond yields, in turn, adversely impacts the stock market. The fund's equity portfolio, on the other hand, posted a gain of 0.5 percent in the third quarter.
Written by urgent.news from Handelsblatt's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
