Fear priced in has Norway’s biggest bank going long on stocks
The allocation managers at Norway’s largest bank are betting the worst has been priced into the global markets.
BY BLOOMBERG / JONAS CHO WALSGARD
“A lot of fear is priced in,” said Torje Gundersen, head of allocation and selection at DNB ASA, in an interview last week. “If the fear doesn’t materialize, it’s correct to be positive to stocks.” Global stock markets have rebounded in June. The MSCI ACWI Index is up 13 percent so far this year.
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