Norway expected to reform ethical guidelines for $2.3 trillion sovereign wealth fund
- 1Norway plans to reform the ethical guidelines for its $2.3 trillion sovereign wealth fund.
- 2The Trump administration protested the fund's divestment from Caterpillar shares due to the use of bulldozers in the Gaza Strip and West Bank.
- 3The fund's value is concentrated in a few companies, with the top 10 companies accounting for more than 20% of the stock portfolio value.
So what's the key point?
Norway's sovereign wealth fund is expected to change its ethical rules. Investment methods may change following protests to sell Caterpillar shares.
Source Reuters · View original ↗
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