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Norway Sovereign Wealth Fund Reverses 1Q Loss, Turns Positive in YTD Return as of End-Apr
The worlds largest sovereign wealth fund, Norways sovereign wealth fund with assets of USD2.2 trillion, saw its cumulative return turn positive at 4.2% as of 29 April this year, ...
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Norway Sovereign Wealth Fund Reverses 1Q Loss, Turns Positive in YTD Return as of End-Apr
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The worlds largest sovereign wealth fund, Norways sovereign wealth fund with assets of USD2.2 trillion, saw its cumulative return turn positive at 4.2% as of 29 April this year, reversing the 1.9% negative return recorded in 1QYY, Chief Executive Nicolai Tangen told parliament, as markets rebounded in April.

The fund reported last month that it incurred a loss of NOK636 billion (USD68.6 billion) between January and March this year, mainly due to pressure on global equity markets stemming from the conflict in the Middle East. (fc/a)

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