OSLO (Reuters) – The Norwegian sovereign wealth fund on Tuesday reported a loss of 188 billion Norwegian kroner (17.87 billion euros) in the first half due to the collapse of its positions in equities and in the real estate under the effect of the coronavirus crisis.
The largest sovereign wealth fund in the world, whose assets are estimated at nearly 970 billion euros, last year made gains equivalent to more than 150 billion euros thanks to the soaring stock markets.
The fund, fed by oil revenues from the Norwegian state, owns stakes in 9,200 companies worldwide and owns 1.5% of all listed shares. He also invests in the bond market and real estate.
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