Norway's Low Beta Fund Turns Over 100% to Cut Volatility
- KLP’s Aksje Global Lavbeta II beat bechmark 5 out of 7 years
- Fund betting on low volatility companies outperforming
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Seeking low volatility can be a volatile business.
Switching out the entire portfolio each year and focusing on cheap, low-beta stocks has helped KLP’s Aksje Global Lavbeta II fund beat its benchmark in five out of the past seven years, according to Magne Valen-Sendstad and Joakim Embu, who manage about 100 billion kroner ($12 billion) at the Norwegian life insurer.