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By Helge S. Arnesen, Nordic CIO of Alfred Berg, BNP Paribas Investments Partner
As a stable economy outside the eurozone, supported by solid oil and gas revenues, Norway provides a strong investment case in 2012. Here, Helge S. Arnesen, Nordic CIO of Alfred Berg and country manager, Alfred Berg Norway, recommends two opportunities to investors: covered bonds for a risk averse strategy, and the deep water oil industry for a more aggressive risk/return exposure.
For 2011, Norway is expecting a government budget surplus of more than 10% of GDP (compared to the EU average budget deficit of just under 7%). In addition, the Norwegian economy is heading for a trade surplus of around 15% of GDP, the economy is close to full employment, the...
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