Norway's wealth fund posts $174b record net loss in first half of 2022

Norway's wealth fund posts $174b record net loss in first half of 2022

Mikita Karasiou/ Unsplash.com

Norway‘s sovereign wealth fund, the world’s largest, made a record loss of 1.68 trillion Norwegian crowns ($174 billion) in the first half of 2022 as stocks and bonds were hit by global recession fears and rampant price inflation.

The $1.3 trillion fund’s return on investment was a negative 14.4% for the January-June period, which was still 1.14 percentage points ahead of the return on its benchmark index.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter