Tech stocks sink world's biggest sovereign wealth fund

The fund, in which the state places its oil revenues, posted a negative return of 14.4% in the first six months of the year, with its total value dropping to 11.65 trillion kroner at the end of June.

Since the start of the year, markets have been rocked by rising interest rates and high inflation due in particular to soaring energy prices and the war in Ukraine, all of which are fuelling fears of a recession.Technology stocks performed particularly poorly during the period, registering a 28% fall as the end of restrictions related to the Covid-19 pandemic dragged down giants such as Meta, the parent company of Facebook, Amazon, Apple and Microsoft.Stocks accounted for 68.

The value of its bond investments, which accounted for 28.3% of its assets, shrank by 9.3%, while its unlisted real estate holdings, which made up three percent of the portfolio, climbed by 7.1%. All of the fund's investments are outside Norway, Western Europe's biggest oil and gas exporter, so as to avoid overheating the Norwegian economy.

日本 最新ニュース, 日本 見出し

Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。

Irish aviation executives enter aircraft leasing market with Saudi backingAvilease, which is wholly-own by Saudi Arabia’s sovereign wealth fund PIF, has already signed its first deal with low-cost Saudi carrier As revealed by the Irish Independent in June.
ソース: IrishTimesBiz - 🏆 6. / 77 続きを読む »

Did stocks bottom in mid-June?Only once have stocks slumped past earlier low again after recovering over half their losses
ソース: IrishTimes - 🏆 3. / 98 続きを読む »