Norway $2.2 Trillion Fund Lost 1.9% Led by Tech Stocks Slide

Norway’s wealth fund lost 1.9% in the first quarter, dragged down by investments in US technology stocks as the war in the Middle East rattled markets.

The value of the fund, managed by Norges Bank Investment Management, fell by 1.27 trillion Norwegian kroner ($137 billion), according to a statement Thursday. It’s worst three-month period for the fund since the third quarter of 2023, when it slid 2.1%.