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

The Norwegian asset manager says the company’s services contribute to enforcing what the UN assessed to be a regime of apartheid.

Settlements in the occupied West Bank. | Photo: Ronen Zvulun/Reuters/Ritzau Scanpix

by PHILIP MADSEN

Storebrand Asset Management has removed the global tech company IBM (International Business Machines Corporation) from its investment universe and divested a total of USD 141m worth of shares due to alleged human rights violations.

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

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Pension funds divided over investing in Israeli banks

Triodos sells shares in Israeli company after criticism from stakeholders

Impact fund manager faces Danish protests for investment with potential link to the Gaza conflict

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"

Nordic institutional investors still see potential in beleaguered Swedish battery producer

Carnegie is skeptical about Storebrand's increased stake in AIP

New Nordic high yield manager keeps attracting inflows

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

Verdane sacks imprisoned employee accused of insider trading

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