Norway's Wealth Fund Reports $30 Billion Loss Amid Market Downturn
Summarized from Ynetnews by baba
Norway's sovereign wealth fund reported a $29.7 billion loss in the third quarter of 2026, primarily due to rising interest rates impacting its bond holdings. The fund also faced controversy for divesting from several Israeli companies over alleged involvement in West Bank settlements and the Gaza war. Despite these divestments, the fund's management stated that the quarterly losses were driven by global market developments, not the Israeli withdrawals. The fund continues to monitor volatility in the artificial intelligence sector.
The story in 6 lines · by baba
- Norway's sovereign wealth fund lost $29.7 billion in Q3 2026 due to rising interest rates.
- The fund divested from multiple Israeli companies over alleged settlement and Gaza war involvement.
- Divestments included Bezeq, Paz, Bet Shemesh Engines, and five major Israeli banks.
- The fund also excluded Caterpillar due to its bulldozers' use by the IDF.
- U.S. criticized Norway's Caterpillar divestment, calling allegations baseless.
- Management cited global market factors, not Israeli divestments, as the cause of losses.
Ynetnews publishes in English. The key points are summarized above. Read Ynetnews’s full report from the link at the top of the page.
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