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Actively managed funds beat index funds during corona – but only in Norway

"The actively managed Norwegian funds tended to fare better than the index funds. It is the opposite on the global market," says chief executive of Morningstar Norway, Ketil Myhrvold.

Photo: M. Spencer Green/AP/Ritzau Scanpix

Figures from Morningstar show that actively managed Norwegian funds suffered the most when the coronavirus crisis hit, but they also made the biggest comeback when markets returned. The actively managed funds have fared the best in the first six months of the year, even when fees are included in the calculation.

"The actively managed Norwegian funds tended to fare better than the index funds. It is the opposite on the global market," Morningstar Norway's chief executive Ketil Myhrvold tells Dagens Næringsliv.

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