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Norway's wealth fund says ethics profile has cost $1.4 billion

Norway's wealth fund says ethics profile has cost $1.4 billion

Tuesday, March 21, 2017, 4:23 PM

Norway's USD 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. The loss was about 12 billion crowns, for the decade, fund CEO Yngve Slyngstad told reporters. Still, he said, he would not want the fund to be allowed to invest again in those companies.
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