"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.
Norway's US$1.7 trillion ($2.24 trillion) sovereign wealth fund reported its biggest loss in six quarters in what was a roller-coaster period for markets globally, with the decline largely caused by a drop in the value of technology companies.
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.
