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.
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.
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.
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.