24/4/2025, 2:08:02 pm

Norway’s $1.7 Trillion Wealth Fund Reports Tech-Driven Loss

Norway’s $1.7 trillion sovereign wealth fund reported a $40 billion loss in Q1, its largest in six quarters, driven by tech sector declines. The fund’s equities fell 1.6%, while fixed-income rose 1.6%, slightly outperforming its benchmark. Tech-heavy holdings, including Apple and Microsoft, weighed on returns, though the fund started reducing tech exposure in 2024.