Record loss reported by world’s largest sovereign wealth fund ...News

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Record loss reported by world’s largest sovereign wealth fund
source : Russia Today ( News ) () 47
Norway’s state pension fund recorded a loss of nearly 15% in the first half of 2022 Norway’s trillion-dollar state pension fund, NBIM, suffered the biggest loss in its history in the first half of the year, the Financial Times reported on Wednesday, citing an official statement. According to the report, the fund recorded a loss of $174 billion, or 14.4%. NBIM’s overall value is estimated at $1.2 trillion, making it the largest sovereign wealth fund in the world. It owns the equivalent of about 1.5% of every listed company on the planet and had inflows of approximately $36.8 billion in the first half of 2022. Howev

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