Norway's oil fund lost EUR 17.7bn in H1

Norway’s sovereign wealth fund, the world’s biggest, lost EUR 17.7bn in the first half of the year as a rebound in stock markets wasn’t enough to erase its record decline earlier this year.
Deputy Chief Executive Officer Trond Grande | Photo: PR / NBIM
Deputy Chief Executive Officer Trond Grande | Photo: PR / NBIM
By Mikael Holter/ BLOOMBERG

Norway’s sovereign wealth fund, the world’s biggest, lost (EUR 17.7bn) in the first half of the year as a rebound in stock markets wasn’t enough to erase its record decline earlier this year.

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