The 930 billion dollar asset fund, which is the largest national asset fund in the world due to the sharp fall of Norway due to the coronavirus epidemic
The 930 billion dollar asset fund, which is the largest national asset fund in the world due to the sharp fall of Norway due to the coronavirus epidemic, has announced that it has lost 1.33 trillion Norwegian Krones, or 124 billion dollars this year.
In the statement made by the Norwegian Wealth Fund, it has been stated that the investment portfolio value of the fund has lost about 16.2 percent since the beginning of the year and this has wiped the gains of 2019 by 20 percent.
In the statement made, it was emphasized that the stock portfolio of the fund, which is the main asset class, lost about 23 percent in value.
The Norwegian Wealth Fund, since 1990, has been investing in stocks, bonds and real estate markets of foreign countries with the return of the country's oil and gas production. The Norwegian government can use very little of the fund revenues, while the remaining high is accumulated for future generations.