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Norway’s sovereign fund loses $124 billion as markets crash

Byindianadmin

Mar 26, 2020 #crash, #markets
Norway’s sovereign fund loses $124 billion as markets crash

FILE PHOTO: A general view of the Norwegian central bank in Oslo, Norway March 6, 2018. REUTERS/Gwladys Fouche/File Photo

OSLO (Reuters) – Norway’s sovereign wealth fund, the world’s largest, has lost 1.33 trillion Norwegian crowns ($124 billion) so far this year as stock markets have plunged due to the coronavirus pandemic, it said on Thursday.

The fund is now worth $930 billion, down from more than $1 trillion at the end of last year. Its investment portfolio dropped 16.2%, a

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