Norway’s wealth fund posts $30 billion loss in third quarter

OSLO, Oct 22 (Reuters) Norway s $2.3 trillion sovereign wealth fund, the world s ​largest, reported on Thursday ‌a loss of 278 billion Norwegian crowns ($29.71 billion) for the third quarter, with ‌a ​return of ⁠minus 0.5% on ⁠its global investments. The fund s return was close to flat, ending slightly negative ​as rising interest rates led to weaker ⁠results on ⁠our fixed-income investments, ​deputy CEO Trond Grande said in ​a statement. Investing the Norwegian ‌state s revenues from oil and gas production, the fund owns on ⁠average 1.5% of all listed companies globally, making it the ⁠world s ‌largest single investor. Overall, ⁠the fund is invested ​in ‌some 7,100 companies ​as well ⁠as bonds, property and renewable energy projects. ($1 = 9.3582 Norwegian crowns) (Reporting by Terje Solsvik, editing by Essi ​Lehto)