Luck or not - Norway's active funds beat index funds during the pandemic

Norwegian active funds have pulled in better returns than the index funds during the Covid-19 pandemic. Finance professor believes it is due to luck and coincidence.

Portfolio Manager Morten Mølsæter at First Fondene. | Photo: First Fondene PR.

In the period 12 March 2020 to 30 June 2021, Norwegian active funds pulled in a total return of 70.3 percent, while the index funds in the same period yielded a return of 56.4 percent, writes DN.

Portfolio Manager Morten Mølsæter in First Fondene is the manager of First Generator, the fund that pulled in the best returns among active funds in Norway. He believes that many small savers contributed to the high returns.

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