Aktien: Norwegens Staatsfonds verbucht Milliardenverlust

Frankfurt - Norway's sovereign wealth fund, Norges Bank Investment Management (NBIM), recorded a billion-dollar loss in the third quarter of 2021. The world's largest state-owned investment fund reported a return of minus 0.5 percent, according to NBIM's management. The computed loss amounted to 278 billion Norwegian Kroner, or 26.5 billion Euros.

NBIM is a division of the Norwegian Central Bank. The fund invests Norway's oil and gas revenues, making it the largest single investor in the world with an estimated asset base of 2.3 trillion dollars. Trond Grande, NBIM's deputy chief executive, attributed the slight negative return to weaker performance in bond investments, which posted a 3.5 percent loss in the quarter.

NBIM's return remained almost unchanged, Grande added. In recent months, bond market returns have significantly increased, with 10-year US Treasury bonds recording the strongest return surge in decades, exerting counterbalancing pressure on stock prices. In contrast, the fund's equity portfolio delivered a 0.5 percent gain in the same period.