Norway is among the highest ranked nations in the world on ESG factors (Environmental, Social and Governance) according to RobecoSam and ISS*. Of noticeable particularities in the country, is the domestic green hydropower covering all the domestic electricity consumption. They also have the highest proportion of electric cars in the world. Moreover, at the same time, Norway produce oil and gas, albeit in the cleanest way and reserving the money earned to the Norwegian people.
The Norwegian Krone (NOK) is having a difficult period in the markets. It is simply being hammered as a result of the corona (Covid-19) crisis and the oil price war ongoing. Throughout the last years many investors gave up the currency, as they did not manage to understand the weakness, despite the AAA rating by all agencies, the higher growth and the higher and higher central bank rates. And from a chart it looked to be an ever-losing strategy seen from a Euro (EUR) based investor’s point of view. But has it really been a losing position?
Investments in funds are always related to risk. Past performance is no guarantee of future results. Performances are calculated net of fees. Investments in funds are subject to market fluctuation and risks inherent in investing in securities. The value of investments and the revenue they generate can increase or decrease and it is possible that investors will not recover their initial investment.