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Norway's wealth fund earned less money due to ethical divestments

Reuters  |  OSLO 

OSLO (Reuters) - Norway's $915-billion sovereign wealth fund, the world's largest, is earning less money because of divestments it has made over the past decade due to ethical considerations, it said on Tuesday.

It returned 1.11 percentage points less between 2006 and 2016 as a result of exclusions of companies on ethical grounds, such as the production of tobacco or nuclear weapons, than if it had kept these companies, according to a report it published on Tuesday.

(Reporting by Gwladys Fouche, editing by Terje Solsvik)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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Norway's wealth fund earned less money due to ethical divestments

OSLO (Reuters) - Norway's $915-billion sovereign wealth fund, the world's largest, is earning less money because of divestments it has made over the past decade due to ethical considerations, it said on Tuesday.

OSLO (Reuters) - Norway's $915-billion sovereign wealth fund, the world's largest, is earning less money because of divestments it has made over the past decade due to ethical considerations, it said on Tuesday.

It returned 1.11 percentage points less between 2006 and 2016 as a result of exclusions of companies on ethical grounds, such as the production of tobacco or nuclear weapons, than if it had kept these companies, according to a report it published on Tuesday.

(Reporting by Gwladys Fouche, editing by Terje Solsvik)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22

Norway's wealth fund earned less money due to ethical divestments

OSLO (Reuters) - Norway's $915-billion sovereign wealth fund, the world's largest, is earning less money because of divestments it has made over the past decade due to ethical considerations, it said on Tuesday.

It returned 1.11 percentage points less between 2006 and 2016 as a result of exclusions of companies on ethical grounds, such as the production of tobacco or nuclear weapons, than if it had kept these companies, according to a report it published on Tuesday.

(Reporting by Gwladys Fouche, editing by Terje Solsvik)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22