A large European asset manager recently made adjustments in its U.S.-traded stock investments that seem to favor electric vehicles over traditional car makers.
DNB Asset Management materially increased investments in EV maker Tesla (ticker: TSLA) and Plug Power (PLUG), a hydrogen fuel-cell technology company, while slashing its stake in General Motors (GM) in the fourth quarter. The unit of Norway’s largest financial-services firm, DNB, disclosed the stock trades, among others, in a form it filed with the Securities and Exchange Commission.
Source: finance.yahoo.com
Related posts:
Suze Orman Tells 47-Year-Old Caller: $200K Savings 'Not Enough' To Buy A House
Why This Retirement Expert Says Dividend Stocks Won’t Provide Secure Retirement Income
OpenAI reportedly plans to increase ChatGPT's price to $44 within five years
The Fed’s shrinking balance sheet is worrying a key corner of US financial markets
'Airbnb To Lead Real Estate Market Crash': Robert Kiyosaki Issues Dire Warning But Says Crash Is The...