KLP excludes US construction supplier over Gaza connection

KLP and the KLP funds are excluding the American machinery manufacturer due to the risk of contributing to violations of human rights and international law in the West Bank and Gaza.

An armored Caterpillar bulldozer patrols the Israel/Gaza border on April 10, 2024. | Photo: Amir Cohen/Reuters/Ritzau Scanpix

by LENA JARSTAD

US construction machine company Caterpillar is being excluded from KLP’s investment universe due to its connections with the destruction of Palestinian homes in Gaza.

Already a subscriber?Log in here

Read the whole article

Get access for 14 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

With your free trial you get:

Access all locked articles

Receive our daily newsletters

Access our app

Get full access for you and your coworkers

Start a free company trial today

Tesla AGM sees defeats for Nordic investors on CEO pay package and workers’ rights
For subscribers
Swedish investors lead push against Tesla on workers’ rights
For subscribers
Nordic investors among co-signatories of letter to Amazon
For subscribers

Sign up for our newsletter

Stay ahead of development by receiving our newsletter on the latest sector knowledge.

Newsletter terms

Front page now

Responsible Investing

Comment: Investors don’t need to invent policies on Gaza

Handling risk related to conflict areas should involve continuous due diligence on human rights, not policy-making, writes Tulia Machado-Helland, Senior Sustainability Analyst at Storebrand AM.

KLP excludes US construction supplier over Gaza connection

Storebrand AM excludes tech giant due to alleged human rights violations in Palestinian territories

For subscribers

Rasmus Bessing, head of ESG investing and co-chief investment officer at PFA. | Foto: Pr / Pfa

Responsible Investing

The list of money managers axing oil stocks just got longer

Mounji Boulahdour is Nordic sales director for Allspring Global Investments. | Foto: PR / Allspring Global Investments

Fund Management

US manager sees Nordic clients return to EM equities due to "excessive concentration"

For subscribers

The move will "further enhance transparency," says Carine Smith Ihenacho, chief governance and compliance officer at Norges Bank Investment Management (NBIM), which manages Norway's Oil Fund. | Foto: PR / NBIM

Responsible Investing

Oil Fund to publish shareholder votes live on Bloomberg

For subscribers

Johan Ström is head of research at Carnegie Investment Bank Norway. | Foto: Carnegie

Responsible Investing

Carnegie is skeptical about Storebrand's increased stake in AIP

NAP's investment team, l-r: Laurits Bach Sørensen, Rasmus Lund, Adam Erritzø, Shari Rana, Morten Westh Naldal (seated, left) and Troels Øberg. | Photo: PR

Fund Management

Nordic Alpha Partners reels in international investment giants for second fund

For subscribers

CEO of the Norwegian Securities Funds Association (VFF), Bernt Zakariassen. | Foto: Irene Sandved Lunde / VFF

Norwegians are investing record amounts in funds

One in two Norwegians are now saving in mutual funds. A few years ago, the figure was one in three, a new survey says.

For subscribers

Christian Heiberg, Head of Danske Bank Asset Management | Foto: PR/Danske Bank

World's best EMD team still waiting for clients to return to Danske AM

The Head of Danske Bank Asset Management, Christian Heiberg, had expected more new mandates by now for its EMD strategy, which has shown world-class performance since a new team took over.

For subscribers

Jan Erik Saugestad, CEO of Storebrand Asset Management and Kasper Hansen, Managing Partner at AIP. | Foto: PR/Storebrand

Storeband increases stake in Danish infrastructure manager to become majority owner

The owners of infrastructure fund manager AIP Management have sold the majority of their shares to Storebrand, one of Norway’s largest financial groups.

For subscribers

Northvolt is attracting ever more negative headlines. | Foto: Helena Soderpalm/Reuters/Ritzau Scanpix

Nordic institutional investors still see potential in beleaguered Swedish battery producer

Northvolt, the Swedish manufacturer of sustainable batteries for electric vehicles, is facing a mountain of problems as the market for its products appears to be saturated.

For subscribers

Fredrik Nilsson is Head of ETF Business Development, Nordic Region at Invesco EMEA. | Foto: PR / Invesco

Invesco seeing increased demand for Fixed income ETFs from Nordic investors

The US investment management giant has expanded its range of fixed-income ETFs by launching five EUR-denominated corporate bond funds.

For subscribers

The most dangerous thing you can do around AI investing is to stay on the sidelines, investors say. | Photo: Dado Ruvic/Reuters/Ritzau Scanpix

Ignore the ‘AI revolution’ at your own peril, global investors warn

Investors and asset managers remain positive about the benefits of artificial intelligence – despite some concerns about geopolitics and their possible effects on tech giant Nvidia.

For subscribers

US manager sees Nordic clients return to EM equities due to "excessive concentration"

The higher interest rate environment has impacted the Nordic region across all client groups, Mounji Boulahdour, Nordic sales director at Allspring Global Investments, tells AMWatch.

For subscribers

Fund Management

Invesco seeing increased demand for Fixed income ETFs from Nordic investors

The US investment management giant has expanded its range of fixed-income ETFs by launching five EUR-denominated corporate bond funds.

For subscribers

Responsible Investing

The list of money managers axing oil stocks just got longer

European investors, including pension funds from the Nordics such as PFA, AP7, Akademikerpension are cutting their exposure to oil and gas.

Responsible Investing

Nordic institutional investors still see potential in beleaguered Swedish battery producer

Northvolt, the Swedish manufacturer of sustainable batteries for electric vehicles, is facing a mountain of problems as the market for its products appears to be saturated.

For subscribers

Responsible Investing

Carnegie is skeptical about Storebrand's increased stake in AIP

Storebrand pays NOK 330m (EUR 29m) for AIP Management. Head of research at Carnegie Investment Bank Norway, Johan Ström, struggles to see how the investment can contribute to the bottom line.

Pension

Storeband increases stake in Danish infrastructure manager to become majority owner

The owners of infrastructure fund manager AIP Management have sold the majority of their shares to Storebrand, one of Norway’s largest financial groups.

For subscribers

KLP excludes US construction supplier over Gaza connection

Read the whole article

With your free trial you get:

Get full access for you and your coworkers

Share article

Related articles

Tesla AGM sees defeats for Nordic investors on CEO pay package and workers’ rights

Swedish investors lead push against Tesla on workers’ rights

Nordic investors among co-signatories of letter to Amazon

Sign up for our newsletter

Front page now

Comment: Investors don’t need to invent policies on Gaza

The list of money managers axing oil stocks just got longer

US manager sees Nordic clients return to EM equities due to "excessive concentration"

Oil Fund to publish shareholder votes live on Bloomberg

Carnegie is skeptical about Storebrand's increased stake in AIP

Nordic Alpha Partners reels in international investment giants for second fund

Norwegians are investing record amounts in funds

World's best EMD team still waiting for clients to return to Danske AM

Storeband increases stake in Danish infrastructure manager to become majority owner

Nordic institutional investors still see potential in beleaguered Swedish battery producer

Invesco seeing increased demand for Fixed income ETFs from Nordic investors

Ignore the ‘AI revolution’ at your own peril, global investors warn

Further reading

US manager sees Nordic clients return to EM equities due to "excessive concentration"

Invesco seeing increased demand for Fixed income ETFs from Nordic investors

The list of money managers axing oil stocks just got longer

Nordic institutional investors still see potential in beleaguered Swedish battery producer

Carnegie is skeptical about Storebrand's increased stake in AIP

Storeband increases stake in Danish infrastructure manager to become majority owner

Front page now

Comment: Investors don’t need to invent policies on Gaza

The list of money managers axing oil stocks just got longer

US manager sees Nordic clients return to EM equities due to "excessive concentration"

Oil Fund to publish shareholder votes live on Bloomberg

Carnegie is skeptical about Storebrand's increased stake in AIP

Nordic Alpha Partners reels in international investment giants for second fund

Norwegians are investing record amounts in funds

World's best EMD team still waiting for clients to return to Danske AM

Storeband increases stake in Danish infrastructure manager to become majority owner

Nordic institutional investors still see potential in beleaguered Swedish battery producer

Invesco seeing increased demand for Fixed income ETFs from Nordic investors

Ignore the ‘AI revolution’ at your own peril, global investors warn