Closing Bell at New York Stock Exchange

Kristin Holth, head of DnB NOR in New York, together with two colleagues; Sekhar Singarju and Truls Oma Erichsrud,  joined representatives of Global X Fund at the closing of the New York Stock Exchange on August 26.

According to Ms. Holth, it was a very special experience to participate in this event so often viewed on television. DnB NOR was invited to participate at the initial offering of the first Nordic StockExchange Index, the so called ETF, at the NYSE, organized by Global X Funds.

DnB NOR does not have direct cooperation with the Fund, but was invited as a speaker and an expert on the Nordic stock exchanges. “As a Norwegian financial institution our knowledge of the investment climate in the Nordic region is considerable,” says Holth.

DnB NOR is also one of the seven Norwegian companies participating in the new Nordic stock index. The other companies are Norsk Hydro, Orkla, REC, Statoil, Telenor and Yara.

DnB NOR is selling stocks to Americans

Truls Oma Erichsrud, who works with stock trading in New York, is very pleased with the positive reflection on the Nordic markets created by this occasion. “It is about one year since we established the office in New York for trading of Nordic shares to American investors, and we certainly appreciate this kind of special marketing of the Nordic stock exchanges,” says Erichsrud. He continued by saying that it takes time to build up a trading office, and that they are  now doing very well with four persons working in the trading area at DnB NOR’s New York office.

Erichsrud added that the Nordic exchanges are more volatile than other European and American exchanges, something he feels pays off over time. Further, his office aims to highlight the broad scope of the Nordic markets as well as how diversified these are. The political stability of the Nordic region is also of great value to American investors.

Extracted from DnB NOR Intranett by Stig B. Fiksdal

Source: Norwegian American Chamber of Commerce (NACC), New York

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The Norwegian American is North America's oldest and only Norwegian newspaper, published since May 17, 1889.