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Tech Rally Buoys Norway Sovereign Wealth Fund’s 13% Return
Despite missing its benchmark, the gain raised the world’s largest pension fund’s asset value to almost $1.75 trillion.
Despite missing its benchmark, the gain raised the world’s largest pension fund’s asset value to almost $1.75 trillion.
Equities were responsible for the sovereign wealth fund’s 8.6% first half gains.
The $1.65 trillion pension giant is prohibited from investing in Adani Ports & Special Economic Zone, Weichai Power and L3Harris Technologies.
The institutional investors lost a combined total of nearly $162 million from investments in the bank’s holding company, SVB Financial Group.
The $1.4 trillion pension giant also placed U.K.-based Petrofac on observation over allegations of corruption and bribery.
Indonesia’s largest cement producer allegedly presents a risk of damage to prehistoric cultural heritage sites.
The $1.3 trillion pension giant is currently prohibited from investing in the asset class, but that may change.
The $1.2 trillion fund excludes companies due to tobacco and recreational cannabis production, as well as environmental damage.