Parameswara Krishnan, portfolio manager on the DNB India fund, has said that investors face a “confidence deficit” caused by government inaction that threatens GDP growth and hence investor returns.
A mix of risk versus growth factors led DNB Asset Management managers Karl Høgtun and Kjell Hjørnevik to take a ‘neutral’ view in their approach for the DNB Scandinavia fund through March.
Swedish online bank Nordnet reports that its funds customers shifted their purchasing towards riskier assets in February and increased their level of trading.
DnB Nor Markets says in a report today that it believes the ECB, and central banks in Norway and Sweden will be forced to cut interest rates before the end of 2011 to combat the fallout from the ongoing eurozone crisis.
Øystein Dørum, chief economist at DnB Nor Markets said in the company’s latest economic outlook that while risks have increased, the world is likely to avoid a double dip recession.
Norway’s central bank may announce higher interest rates tomorrow – even as the country’s banks have started charging each other higher interest rates to lend in light of the uncertainties sparked by the ongoing financial crisis in Europe.