Some portfolios of several of Europe's largest asset managers are overexposed to coal and oil, according to a recent WWF (World Wide Fund for Nature) survey cited by Swedish business daily Dagens Industri.
In one example, four Swedish pension fund managers are expected to have excessive holdings of listed equities of coal-based energy companies by 2023. According to Dagens Industri, those fund managers are AP1, AP2, AP7 and Alecta. In addition, AP2 is overexposed to corporate bonds issued by coal-based energy companies.
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