Top Norway Fund Delivers 25% Return by Shunning Fish Stocks
- Fund also underweights oil producers in bet on oil services
- Fund’s biggest holdings are Atea and fertilizer maker Yara
Photographer: Bloomberg
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Avoiding the fish farmers was a winning bet for Norway’s top performing fund last year.
That allowed the Nordea Norge Pluss fund to deliver a 25 percent return in 2017, which was the highest among Norwegian stock funds, according to Morningstar.