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Sovereign Wealth Funds Briefing - Categorized | Ethical/Green Investments, Investment

Norwegian State Fund with Assets of 1 Qn Won Will Not Invest in Five Korean Companies: Why?

Posted on 20 January 2016

Government Pension Fund Global (GPFG, Norway-owned investment fund), the world’s largest sovereign wealth fund with assets of 1 quadrillion won is not investing in five South Korean companies including POSCO and Daewoo International. The Norwegian state investment fund does not invest in companies producing tobacco or inhumane weapons of mass destruction such as cluster munitions, companies destroying the environment and companies with serious corruption problems.
On January 7, the GPFG announced that it would exclude ZTE, a Chinese smartphone manufacturer, from its investment portfolio due to issues of corruption. Now the number of companies throughout the world that the Norwegian fund refuses to invest in has increased to sixty-five………………………………………..Full Article: Source


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VRS - who has written 19873 posts on Opalesque Sovereign Wealth Funds Briefing.


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