Norway tops European market in Q1

Morningstar's quarterly fund review for Europe and Asia reveals Norway as the best and only positive...

Morningstar's quarterly fund review for Europe and Asia reveals Norway as the best and only positive performer of developed European markets. The research company says its Norway Equity category benefited from the region's high degree of energy exposure while high-yield bonds and small and mid-cap funds also performed well, as did technology. Morningstar Norway Equity returned an average of 4.4%, with funds gaining from a rally in energy stocks. Elsewhere Norwegian financials showed a positive return of 13% in sterling terms. The worst European results were in Germany, with Morningsta...