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Sovereign Wealth Funds Briefing - Categorized | Ethical/Green Investments

Norway oil fund offloads stake in Shanghai Industrial Holdings

Posted on 17 March 2011

From Tradingmarkets.com: Norway’s sovereign wealth fund, known as the oil fund (Oljefondet), has divested its holding in Chinese company Shanghai Industrial Holdings Ltd due to tobacco production, and re-included US defence company L-3 Communications Holdings.
Although tobacco production represents a minor part of Shanghai Industrial Holdings total operations, it has to be excluded, the fund’s Council on Ethics stipulates, the Norwegian Ministry of Finance said Tuesday……………………………………….Full Article: Source


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