Norges Bank excludes four companies on ethical grounds
Norway’s central bank, Norges Bank, has excluded four companies from its Government Pension Fund on ethical recommendations by its Council of Ethics.
Norway
-
-
Nordics ‘at vanguard in focusing on shareholder value’
Ramping-up sales is the overriding priority of most continental European companies, says fund manager Chris Garsten. The Nordics, however, are different.
-
Blackrock finances wind power project in Norway
Global asset manager steps up investments in renewable energy via Global Renewable Power II fund.
-
Nordic Capital PE fund closes at €4.3bn
Nordic region set to receive a boost in investments after private equity group’s latest flagship fund raises 23% more than its target.
-
Nordic selectors warm to developed market govt bonds
Sentiment towards developed market government bonds moves to ‘neutral’ in Nordic region, but remains ‘negative’ for pan European selectors.
-
Nordic confidence on Japan wavers as yen falls
Japanese equity funds have lost their appeal to Nordic fund selectors because of concerns about the depreciating yen.
-
Selectors prefer growth GEM funds but value performs better
European fund selectors expressed a preference towards growth emerging market funds over value during the last six months. However, Europe’s top performing funds allocated a greater weighting towards value stocks during the period.
-
Ethical exclusions lower Norway’s sovereign fund returns
Norway’s giant sovereign wealth fund has returned 1.6 percentage points less on an annualised basis over the last 12 years because it excluded some stocks on ethical grounds.
-
Franklin Templeton ‘repositions’ fund to focus on climate change
Franklin Templeton Investments has “repositioned” its existing Global (Euro) Fund to focus on companies actively reducing their carbon footprint which it expects will boost returns.
-
Dollar beats sterling as money market funds start 2018 strongly
US dollar denominated money market funds topped the charts in terms of inflows for January this year, while UK sterling funds saw the biggest outflows from this sector, according to the latest Thomson Reuters Lipper data.
-
Nordic fund platform, Kames Capital sign distribution agreement
Nasdaq’s Scandinavian fund platform, Nordic Fund Market, has signed a distribution agreement with UK fund manager Kames Capital to offer its range of 11 Dublin-registered funds.
-
Norway’s wealth fund sets anti-corruption expectations
Norway’s sovereign wealth fund, the world’s largest at $1trn (€808.8bn), has set out a series of strong anti-corruption measures it expects the 8,985 companies it invests in to have.