Norway's Wealth Fund Suffers $34 Billion Loss in Q3

Norway's $1.4 trillion sovereign wealth fund, the world's largest, reported a loss of $34 billion in the third quarter due to drops in the value of equities and bonds. The fund's return on investment was -2.1%, with equities, fixed income, and real estate assets all experiencing losses. The decline may be attributed to rising interest rates. The fund expressed concern about the concentration of growth in a few large U.S. tech companies. It also has minimal exposure to Israel and is monitoring the situation in the region.