Worldвђ™s Largest Pension Fund Lost The Equivalen... May 2026

Primary drivers included a sustained market selloff in tech stocks following coordinated strikes between the US, Israel, and Iran in February 2026. :

Reported an investment loss of (3.4%) in the January–March 2025 period. World’s Largest Pension Fund Lost the Equivalen...

The fund has since recovered significantly, booking a in the October–December 2025 quarter, despite 1.53 trillion yen in losses on domestic bonds. Wider Industry Impact and Trends Broad Market Declines : Primary drivers included a sustained market selloff in

The total decline in fund value reached when accounting for currency movements as the Norwegian krone strengthened. Wider Industry Impact and Trends Broad Market Declines

As of 2025, Norway’s Government Pension Fund Global has overtaken Japan’s GPIF as the world’s largest pension fund by assets after the GPIF held the top spot for over 20 years. :

: Major funds are increasingly sensitive to the performance of a small number of US tech megacaps.

: For funds like the GPIF, a depreciating dollar has historically dragged down the value of overseas securities.