The rate of return on capital invested through the world’s largest fund was 14.4 percent in the first half of 2022.
Norwegian During the first half of 2022, 1.68 trillion Norwegian kroner, or about 170 billion euros, has been withdrawn from the oil fund. This is reported by the news agency Reuters, among others.
The Norwegian Petroleum Fund is the world’s largest fund, managing assets of NOK 12,314 billion, or about $1,300 billion.
The rate of return on capital invested through the fund was minus 14.4 percent from January to June.
“The market has been marked by rising interest rates, high inflation and the war in Europe. Technology stocks have done particularly poorly, with a return rate of 28 percent minus,” says the CEO of the Norwegian bank’s Investment Administration, which manages the fund. Nicolai Tangen.
Only energy companies have made a profit due to the rise in energy prices.
In the year The pension fund, established in 1996, invests the income received from Norwegian oil and gas trade. The company is one of the world’s largest shareholders, if not the largest. It owns approximately 1.3 percent of all shares in the world and owns shares in more than 9,300 companies globally.
The assets of Norway’s oil fund are about 20 times the size of Finland’s state budget.
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