India, Oct. 22 -- Norway's sovereign wealth fund, the largest in the world, reported a loss of nearly $30 billion in the third quarter of 2026. The loss came as rising interest rates reduced the value of its bond investments.

The fund recorded a loss of 278 billion Norwegian kroner ($29.7 billion) during the July-September quarter. Norges Bank Investment Management (NBIM), which manages the fund, said rising interest rates weakened returns from its fixed-income investments. The fund is worth around $2.3 trillion, according to CNBC.

Bonds were the main reason behind the fund's weak performance. Its fixed-income investments, which include government and corporate debt, delivered a negative return of 3.5% in the third quarter. NBIM's manag...