24 April 11:44
Norway's $1.7 trillion sovereign wealth fund reported a $40 billion loss in the first quarter
Gabriel Dumitrache
International
Foto: Shutterstock
Norges Bank Investment Management reported a first-quarter loss of NOK 415 billion (about $39.72 billion), influenced by market fluctuations and a decline in technology stocks. The fund, which invests Norway's oil and gas revenues, holds most of its assets in the US. Although it had a record profit last year of 2.51 trillion kronor, the recent performance underscores the volatility in financial markets.
Sources
Fondul suveran al Norvegiei, cel mai mare din lume, a înregistrat o pierdere uriașă în primele luni ale anului
Fondul suveran de investiții al Norvegiei, în valoare de 1.700 de miliarde de dolari, a pierdut 40 de miliarde în primul trimestru
Fondul suveran al Norvegiei, cel mai mare din lume, are o pierdere importantă
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