TheJakartaPost
Please Update your browser
Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.
Norway sovereign wealth fund posts negative return of $39.7 billion
"The quarter has been impacted by significant market fluctuations. Our equity investments had a negative return, largely driven by the tech sector," Nicolai Tangen, head of the Norwegian sovereign fund, said in a statement.
Change text size
Gift Premium Articles
to Anyone
Share the best of The Jakarta Post with friends, family, or colleagues. As a subscriber, you can gift 3 to 5 articles each month that anyone can read—no subscription needed!
A trader works on the trading floor at the New York Stock Exchange (NYSE) in New York City, U.S., December 14, 2022. (Reuters/Andrew Kelly)
N
orway's sovereign wealth fund, the world's biggest, said Thursday it had seen a negative return of 0.6 percent or 415 billion kroner ($39.7 billion) in the first quarter of 2025.
"The quarter has been impacted by significant market fluctuations. Our equity investments had a negative return, largely driven by the tech sector," Nicolai Tangen, head of the Norwegian sovereign fund, said in a statement.
The fund also said that the Norwegian krone had strengthened against several main currencies during the quarter.
"The currency movements contributed to a decrease in the fund's value of -879 billion kroner," it said in a statement.
Overall the funds value decreased by 1,215 billion kroner in the quarter reaching a value of 18,526 billion.
As of March 31, 70 percent of the fund was invested in equities, 27.7 percent in fixed income, 1.9 percent in unlisted real estate, and 0.4 percent in unlisted renewable energy infrastructure, the fund said.
The fund, which invests the Norwegian state's oil and gas revenues, is intended to finance Norway's generous welfare state when its oil and gas deposits run dry.
It has holdings in around 9,000 companies around the world, representing 1.5 percent of the world's total market capitalisation.
