Norges Bank Excludes UK Mining Firm Evraz for Aiding Russia’s War Against Ukraine
The world’s largest pension also excluded a telecom firm for aiding the expansion of Israeli settlements in the West Bank.
The world’s largest pension also excluded a telecom firm for aiding the expansion of Israeli settlements in the West Bank.
The manager of Norway’s $1.76 trillion sovereign wealth fund paid $217 million for the real estate.
Norway’s GPFG could be the first $2 trillion pension before the end of next year.
Equities were responsible for the sovereign wealth fund’s 8.6% first half gains.
The pension giant also released an annual survey evaluating the stewardship of its external asset managers.
The $1.65 trillion pension giant is prohibited from investing in Adani Ports & Special Economic Zone, Weichai Power and L3Harris Technologies.
Equities help spur the $1.6 trillion Government Pension Fund Global’s nearly $110 billion investment gain during the quarter.
A growing number of portfolio companies held by Norway’s $1.5 trillion sovereign wealth fund are adopting net-zero targets.
Rallying equities helped the pension giant return 16.1% during the year, but it fell 18 basis points shy of its benchmark.
The institutional investors lost a combined total of nearly $162 million from investments in the bank’s holding company, SVB Financial Group.
The $1.44 trillion Government Pension Fund Global has been investing in office real estate in the area since 2013.