One up and one down for DNB's green fund management duo

One of Norwegian bank DNB's environment funds – DNB Eco Absolute Return retail – focuses on the managers' ability to beat the market. The past year has shown very poor results.

One of DNB's envirornment funds is having a very weak period. | Photo: PR

With the environment fund DNB Miljøinvest Fund, portfolio managers Jon Sigurdsen and Christian Rom of Norwegian Bank DNB have delivered an annual return of more than 17 percent over the past three years, and so far this year, that number is over 21 percent.

Still, Norwegian business daily Dagens Näringsliv wonders why another mutual fund with an environmental tilt – DNB Eco Absolute Return retail (ECO) – with the same management duo and apparently the same investment profile is currently at the bottom of the Oslo Stock Exchange's fund list.

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