KLP: Nordic investor's share of active funds is irrational
Nordic investors have way too much money allocated to actively managed funds that are too expensive and inefficient, the CEO at KLP Kapitalforvaltning says in an interview with AMWatch.
According to Håvard Gulbrandsen, the CEO of Norway’s third-largest asset manager, Nordic investors are not making a rational choice when directing most of their savings to actively managed funds that often are too expensive and unable to generate excessive returns.
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