"Even though markets recovered well in the second quarter, we are still witnessing considerable uncertainty," the fund's deputy chief executive, Trond Grande, said in a statement.
OSLO: Norway's $1.15 trillion sovereign wealth fund posted a loss of 188 billion Norwegian crowns ($21.27 billion) in the first half of 2020 as stocks and real estate holdings fell in value during the COVID-19 pandemic, it said on Tuesday.
The decline followed record earnings in 2019, when the fund raked in profits of $180 billion as global stock markets soared.
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