This is not a stock picker’s market, says head of Norway’s $2 trillion wealth fund
CNBC Top News ·
Stock markets have been largely buoyant since the end of March after bouncing back from a sell-off sparked by the outbreak of the U.S.-Iran war, but one of the world's biggest investors is glad not …
Stock markets have been largely buoyant since the end of March after bouncing back from a sell-off sparked by the outbreak of the U.S.-Iran war, but one of the world's biggest investors is glad not to be buying individual names. Speaking to CNBC's Ben Boulos on the sidelines of the sovereign wealth fund's annual Investment Conference in Norway, Norges Bank Investment Management CEO Nicolai Tangen said global markets are "in a period where it's very good to be an index fund." NBIM manages …
Original source: CNBC Top News