Technological giants are pregnant for a superfund. Lost Norway on investments in the USA

The world's largest Norwegian property fund has announced the results of the first quarter. Together with government payments and changes in exchange rates, its value was about $ 120 billion. Among the assets in which the Megafundus invests, they gained bonds, real estate and even renewable energy infrastructure, but the result was determined by declines in the stock markets and strong involvement in the technology sector.

In the first quarter of 2025, the largest state -owned property fund of the world recorded a loss corresponding to 415 billion of Norwegian crowns (about $ 39.7 billion), which means a negative rate of return of 0.6 percent. The value of the assets at the end of March was 18.526 trillion of crowns (approx. 1.77 trillion dollars) – according to a press release published on April 24.

The Norwegian State Property Fund is one of the largest investors in the world, having about 1.5 percent. all recorded actions in the world. He also invests in bonds, real estate and assets of renewable energy infrastructure.

As reported, the return on investment in the fund's shares was -1.6 percent in the first quarter, while the return on investment in bonds was positive and amounted to 1.6 percent. Investments in real estate unpapped on the stock exchange brought a refund of 2.4 percent in the reported period, and investments in renewable energy infrastructure amounted to 1.2 percent.

Although most of the individual asset classes brought profits, the periodic rate of return was negative due to the proportions in the involvement. The investment on the capital market decided significantly, where at the end of March 70 percent. fund funds were invested in shares, 26.4 percent in constant income instruments (bonds). For 2.3 percent The real estate corresponded to the marginal part (0.1 percent) investments in renewable energy infrastructure.

“The quarter was under the influence of significant market fluctuations. Our capital investments had a negative rate of return, largely caused by the technology sector,” commented Nicolai Tangen, CEO Norges Bank Investment Management, a fund managing the fund.

According to the fund's data, at the end of 2024, more than half of the fund's assets (53.2 percent) were involved in the United States and included companies, tax securities and real estate. The Norwegians had almost 40 percent invested on the American stock market. fund's assets. In the first quarter, the return rate on the S&PC was -4.3 percent, while Nasdaq fell by over 10 percent.

As mentioned in the announcement, the fund's return rate was 0.16 percentage point higher than the reference rate of the reference index set by the Ministry of Finance of Norway. The loss of 415 billion of crowns applies only to investment valuation. In addition, the market value of the fund decreased by 879 billion crowns and resulted from changes in exchange rates. In turn, 78 billion crowns were net inflow from the government. In total, the value of assets was lower by 1.215 trillion of crowns, i.e. about 120 billion dollars.

The government's global pension fund was established on the basis of the 1990 Act creating the legal framework of its actions. The first payment of the government took place in 1996 – informs the Norges Bank IM, managing Megafundus. Its purpose is to ensure the responsible use of money from oil and natural gas – extracted from one of the largest sea deposits discovered in 1969. The creation of a fund is the result of long -term thinking and in this way to secure the future of the Norwegian economy.

Mku

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