DNB Asset Management has "sold a lot of equities" and turned to credits
Fund managers at DNB Asset Management have been working late to sell off equities. "During the last 12 years since the financial crisis, we have only been underweight in equities a very few times," a DNB manager tells Dagens Næringsliv.
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Since the Coronavirus outbreak was confirmed in China around New Year, managers at the asset management division of the largest banking group in Norway, DNB, have closely monitored the development and assessed whether it was time to reduce the risk in portfolios.
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