Fund managers see water risk in semiconductor bets being mispriced

One of the world’s biggest climate funds, which is managed by Nordea AM, didn’t hold stakes in Taiwan Semiconductor Manufacturing at the end of July, finds Bloomberg.

Making semiconductors is among the most water-intensive undertakings, using about 1,869 cubic meters per dollar, writes Bloomberg. | Photo: Pexels: Aleksandr Slobodianyk.

By Sheryl Tian Tong Lee and Ishika Mookerjee, Bloomberg

Investors in semiconductor stocks face a growing threat to industry valuations: a chronic shortage of water.

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Fund managers see water risk in semiconductor bets being mispriced

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Front page now

Nicolai Tangen is a huge fan of the Women in Finance Charter but stresses that promotions must be fair

Pension funds abandon dialogues with oil majors and divest shares

Analysis: Will Nordic investors take the lead in the battle of biodiversity?

Swedish asset manager kicks off new fund with leading Nordic institution

More than one third of managers do not report ESG violations to Varma, despite shared values

Danish FSA criticizes investment funds for inadequate evaluation between costs and returns

BankInvest to optimize investment processes with new hire

World’s no. 1 stock owner calls out Big Oil as carbon levels go up

Nordics show clear appetite for new asset classes, BlackRock survey reveals

28 Nordic investors in new alliance to engage companies on nature risk

Storebrand growth fund gets new portfolio manager

Danish pension fund invests to support female entrepreneurship in Southeast Asia

Further reading

Swedish asset manager kicks off new fund with leading Nordic institution

Analysis: Will Nordic investors take the lead in the battle of biodiversity?

BankInvest to optimize investment processes with new hire

Danish FSA criticizes investment funds for inadequate evaluation between costs and returns

Nordics show clear appetite for new asset classes, BlackRock survey reveals

More than one third of managers do not report ESG violations to Varma, despite shared values

Jobs