Oil stocks pay and salmon is crazy for this $34 billion manager

Only one of Norway’s main commodities is worth betting on, according to the head of investments at Nordea in Scandinavia’s richest country.

"Salmon is the new bubble in Norway. Prices will come down," says Robert Naess | Photo: PR

Robert Naess, the chief investment officer at Nordea Asset Management in Norway, has recently started buying Exxon Mobil Corp. and Chevron Corp.

After exiting the big oil companies at beginning of 2015, a higher oil price and discipline on spending has made him interested again.

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