Post by AMWatch

Despite a weak first half of the year, the financial sector stands to benefit from the explosion of investment into AI and defense over the coming years, according to DNB Asset Management. Global financial stocks are down by around 2% year-to-date while the broader equity market is up by roughly 5%, yet Kjell Morten Hjørnevik and Knut Bakkemyr, who manage the DNB Fund Financials and DNB Finans funds for DNB Asset Management, argue that there is a clear case for long-term outperformance. “We are now in a situation where we have an extremely strong investment cycle driven by massive investments in AI and that also drives investment in energy and energy security, the demand for energy is increasing a lot. On top of that, we also have to invest in defense and general security around the countries, especially in Europe,” Hjørnevik says in a video presentation. #assetmanager #assetmanagement #financialmarkets #investments #Artificialintelligence #defenseinvestments #defenceinvestments #financialstocks https://lnkd.in/eVRycbqH