OSLO, April 10 (Reuters) - Norway's $1.7 trillion

sovereign wealth fund, the world's largest, will remain calm in

the face of turbulent times, upholding a long-term investment

strategy that is widely agreed upon, the government said in a

strategy update on Thursday.

The fund has lost around 1.1 trillion Norwegian crowns

($101.38 billion) since the start of 2025 as asset prices fell

sharply, the finance ministry said in an annual filing to

parliament.

"In a time of greater unpredictability, broad risk

diversification remains the best approach," Finance Minister

Jens Stoltenberg said in a statement.

The government did not propose any changes to ethics

rules that ban the fund from investing in many of the world's

major weapons makers. Reversing the ban has been

the subject of political debate

in Norway in recent months.

($1 = 10.8503 Norwegian crowns)