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Norway's $1.7 Trillion Fund to Keep Buying US Stocks After Loss [Yahoo! Finance Canada]
Last apple inc. earnings: 4/30 04:30 pm
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US:NASDAQ Investor Relations: investor.apple.com
Most Read from Bloomberg US equities have underperformed global peers amid concerns that US trade policy and tariffs will damage economic growth. Still, Chief Executive Officer Nicolai Tangen said the fund will increase investments in US stocks, according to its mandate set by the Finance Ministry. “Large American companies are great long-term investments, so we are very happy to be invested there,” Tangen said in an interview on Bloomberg TV on Thursday. Norges Bank Investment Management reported a loss of 0.6% on its investments, an equivalent of $40 billion, in the first three months of the year, it said in a statement. That was the largest decline since the third quarter of 2023 for the world's biggest single owner of listed companies. The fund, which for the most part tracks a bespoke index, lost 1.6% on stocks — mainly driven by the tech sector — in what it called a quarter “impacted by significant market fluctuations.” Fixed-income investments gained 1.6%, helping the
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