Investing.com -- Norway’s $1.7 trillion sovereign wealth fund, the largest in the world, has reported a loss of 415 billion Norwegian crowns ($39.72 billion) for the first quarter of the year. This loss was primarily due to negative returns in the technology sector.
The fund’s operator, Norges Bank Investment Management (NBIM), noted that the quarter was characterized by significant market fluctuations. However, the fund did not comment on how the market turmoil in April affected its investments.
NBIM, which manages the Norwegian state’s revenues from oil and gas production, is among the world’s largest investors. It holds, on average, 1.5% of all globally listed stocks. In addition to stocks, the fund also invests in bonds, real estate, and renewable energy assets.
According to the fund’s data, more than half of its assets were invested in the United States as of the end of 2024. These investments span across various companies, U.S. Treasuries, and properties.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.