US EditionNorway wealth fund posts $40 bln first-quarter loss on tech weakness
- Norway's sovereign wealth fund reported a negative return of 0.6 percent, translating to a loss of 415 billion kroner in the first quarter of 2025.
- The fund's total value declined by 1,215 billion kroner, reaching 18,526 billion kroner.
- Nicolai Tangen, head of the Norwegian sovereign fund, stated that the quarter was impacted by market fluctuations, especially in the tech sector.
- The currency movements led to a decrease in the fund's value by 879 billion kroner.
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Norway: SWF starts with billions of losses a year
The Norwegian State Fund is intended to finance the country's welfare state for future generations, holding around 1.5 percent of all listed companies in the world. However, the Fund recorded a strong decline in the first quarter.
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Leaning Left6Leaning Right1Center8Last UpdatedBias Distribution53% Center
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