Norway’s sovereign wealth fund has lost £144bn in the first half of this year after securities markets fell sharply.
While tech equities caused the most damage, falling by 27.6%. The fund’s investments in unlisted real estate delivered a 7.1% gain, but they make up only 3% of the fund’s overall portfolio.
The fund, which was set up in 1996 to invest the proceeds of Norway’s oil and gas industry, is valued at around £1tn.
