Norway's $1 Trillion Wealth Fund Posts First Loss in Two Years
- Stocks declined 2.2% in the first quarter, bonds lost 0.4%
- Fund analyzing growing size of tech companies and risks posed
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Whipped by a global stock selloff, Norway’s $1 trillion wealth fund reported its first loss in two years in the first quarter.
The world’s biggest sovereign wealth fund lost 1.5 percent, or 171 billion kroner ($21 billion), the investor said in a statement on Friday. It lost 2.2 percent on stocks and 0.4 percent on bonds, while real estate provided a 2.5 percent gain.