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.
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.