Norwegian SWF in the red for Q1
The market value of the fund fell from Nkr2,019 billion ($403 billion) at the end of to Nkr1,946 billion ($389 billion). It is the first time that its value has fallen since 2002.
A sharp fall in equity prices, especially in Japan and Europe, precipitated by the global financial turmoil had led to a 12.67% loss on the fund's equity portfolio. The
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