Reported about 11 hours ago
Norway's $1.7 trillion sovereign wealth fund reported its largest loss in six quarters, mainly due to a decline in technology stock values, resulting in a 0.6% decrease equivalent to $40 billion in early 2025. Despite this setback, CEO Nicolai Tangen stated the fund will continue to increase investments in U.S. stocks, emphasizing their potential as long-term investments. The fund is also committed to ethical investment guidelines and aims to streamline its holdings by divesting from small-cap firms in emerging markets.
Source: YAHOO