"The equity and credit markets have grown significantly during May and into June. Throughout May, we have seen the reopening of economies on both sides of the Atlantic, so far without a serious increase in corona cases," writes Erik Haugland, CEO and manager at Norwegian asset manager First Fondene in its market report.
The market report for May shows that there has been somewhat of a party on the stock exchanges in Norway, as the Oslo exchange is up by 13 percent.
More from AMWatch
95 percent of active global high-yield managers struggle to consistently add value net of fees, according to the world's fourth-largest asset manager ahead of launching a global HY index fund. However, a recent survey by consultancy Kirstein showed a vast majority of Nordic investors preferring their HY portfolios actively managed.