Norway's Wealth Fund Reports Significant Q1 Loss

The world's largest sovereign wealth fund, managed by Norges Bank Investment Management, has reported a daunting loss of 415 billion kroner ($40 billion) in the first quarter of fiscal 2025, marking a negative return of -0.6%.

Market Fluctuations and Tech Sector Impact

"The quarter has been marked by significant market fluctuations, with our equity investments suffering a negative return, largely due to downturns in the tech sector," stated Nicolai Tangen, the fund's CEO.

Investment Portfolio Overview

By the end of March, the fund's equity investments were valued at 12.96 billion kroner, with the overall market value decreasing by 1.21 billion kroner. The fund's allocation was 70% equities, 27.7% fixed income, 1.9% unlisted real estate, and 0.4% renewable energy infrastructure.