Norway $1.8 Trillion Fund CEO Sees Contrarian Bet in US Tech
- Trading unlike others would include buying China, Tangen says
- Nicolai Tangen spoke in interview at Bloomberg House in Davos
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Investors willing to go against the market in the coming months should consider selling US technology stocks and private credit, while boosting holdings in China, according to the head of Norway’s $1.8 trillion sovereign wealth fund.
“The best thing to do is always to do the opposite of everybody else,” Nicolai Tangen said in an interview with David Rubenstein at Bloomberg House during the World Economic Forum in Davos on Wednesday. “What will that be today? Well, if you were to do the opposite of everybody else, it would be to sell the US tech stocks, buy China, sell private credit, just buy stuff that is out of fashion.”