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Norway sovereign wealth fund posts negative return of $39.7 bn in first quarter

BSS
Published On: 24 Apr 2025, 14:53

OSLO, April 24, 2025 (BSS/AFP) - Norway's sovereign wealth fund, the world's biggest, said Thursday it had seen a negative return of 0.6 percent, 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.

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