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Norway’s massive sovereign wealth fund are excluding Shapir Engineering and Industry Ltd and Mivne Real Estate KD Ltd. for their activities associated with Israeli settlements on the West Bank. The Council on Ethics’ position is that the Israeli settlements in the West Bank have been built in violation of international law and that their existence […]
Norway wealth fund should reduce equity universe – report
Norway wealth fund should reduce equity universe – report
The Storting, the Norwegian parliament in Oslo.
The number of companies in the world s largest sovereign wealth fund s equities universe should be reduced by 25% to 30%, the country s Ministry of Finance said.
In its annual recommendation to Norway s Parliament, the ministry said it wants to simplify the Government Pension Fund Global, Oslo s equity index since a high number of companies can contribute to increased management complexity and costs.
The fund s equity index included about 8,800 companies at the end of 2020. In 2007, the ministry decided to include small companies in the fund s benchmark index, which saw the number of stocks increase to about 7,000 from 2,400.