AP7 is pilling up cannabis – other AP funds shun

Swedish state pension fund AP7 has invested in two cannabis companies in a rapidly growing Canadian market. Other AP funds have chosen to exclude cannabis equity for ethical reasons.

BY HELLA ANDERSEN

AP7, one of Sweden's major state pension funds, has invested in two of the world's largest cannabis companies – Canadian Aurora Cannabis Incorporation and Canopy Growth Corp – reports Drugnews, a Scandinavian anti-drug news website.

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AP4 rules out nuclear weapons and oil sands companies

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Front page now

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Further reading

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

Invesco seeing increased demand for Fixed income ETFs from Nordic investors

Storeband increases stake in Danish infrastructure manager to become majority owner

Nordic institutional investors still see potential in beleaguered Swedish battery producer

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Expansion of Nordic team has paid off: Inflows to all core products for US manager