Blacklisted Chinese stocks have helped an asset manager in Norway beat 90% of peers this year, report says

• A portfolio manager in Norway is buying Chinese stocks from US buyers, who must offload them due to sanctions, Bloomberg reported. 
• The assets have helped Fredrik Bjelland beat nine out of 10 peers this year and 81% last year. 
• One of his holdings, China National Offshore Oil Corp., has 40% more upside, he told Bloomberg.

A portfolio manager in Norway has been buying Chinese stocks from Americans forced to sell them due to US sanctions, and those assets are helping him outperform the market and his peers, according to a report from Bloomberg.