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Brexit Scarier Than Trump for $51 Billion Bond Fund Manager

  • Storebrand manager says bottom of rates now behind us
  • Fund is short on duration, overweight credit markets
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How Cautious Should Markets Be Over the U.S. Election?

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Donald Trump as U.S. president will shake global markets less than Brexit did.

A victory for Trump may only create short-term volatility since the impact of the election has been analyzed to a greater extent by the markets, according to Dagfin Norum, chief investment officer fixed income and investment strategy at Storebrand Asset Management in Oslo.