Heavy equity portfolio leads to NOK 485bn loss for oil fund
The market value of the Norway's huge sovereign wealth fund, which is based on the county's oil wealth, fluctuated widely over the course of last year. Losses for the 12-month period were so large in absolute terms that they almost matched the total annual GDP of two Baltic States.
Reeta Paakkinen
Norway's Government Pension Fund Global (GPFG) has recorded a massive loss from its equity holdings in 2018.
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