The Norwegian pension fund, at the same time is the world’s largest investment fund in the first quarter 2025. recorded a loss of almost $ 40 billion, which represents its greatest loss in the last year and a half.
The fund lost 415 billion of Norwegian crowns or exactly $ 39.72 billion), which illustrates how unpredictable markets have become, even for the institutions that manage MILJARADAS, reports Reuters.
By the way, the Fund manages NORGES BANK INVESTMENT MANAGEMENT (NBIM) in the name of the Norwegian population.
It was founded in the 1990s to invest excess revenue from the oil and gas industry, and today invests in more than 8,600 companies in 63 countries.
The essence of the problem in the past quarter was the technology sector, which has been the growth engine for years. After extremely successful in 2024, when shares of technology giants brought record profits, the beginning of 2025. He brought a sudden turnaround.
Shares of technological companies have been under pressure due to global market instability, which was immediately reflected in the Fund whose approximately 70 percent of investments were invested in shares, and most of the American technological company.
NBIM holds large shares in American technological giants such as target, Alphabet, Amazon, Nvidia, Tesla and Microsoft.
Their weakness is further emphasized after the three-week selling of megacapitalizing technological shares in March, when the market of 2.7 trillion dollars is deleted from the market. This sellout was encouraged by growing fears around the effects of the Customs Policy President Trump.
(Vijesti.ba)
