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Norway's oil fund has lost EUR 111 billion during market turmoil

The world's single largest owner of equities is experiencing some difficult weeks as equity markets continue to plummet. However, it shouldn't be forgotten that the fund generated a EUR 160 billion return in 2019.

The counter at nibm.no is updated several times a second.

The Norwegian oil fund's market value is updated several times every passing second on its website nibm.no. As European equities have continued to decline in value since trading opened this morning, the counter has kept dropping.

At the time of writing, the fund's market value is roughly NOK 9,669 billion (EUR 871 billion). Meanwhile, at the start of the year, the figure was NOK 10,088 billion (EUR 982 billion), meaning that the fund's market value has declined by NOK 419 billion (EUR 111 billion).

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