Norway SWF Exclusions and Future Fund’s Ambitions

Jay OwenReforming Global Finance, SRI/ESG News, Sustainability News, Beyond GDP

“Regarding Australia’s SWF, the answer is “Yes“!  This is a viable option for many countries now considering Universal Basic Income (UBI) plans to deal with automation-driven unemployment in our digital age.

(see my interview in FORBES  and other articles and TV shows  at www.ethicalmarkets.com).

~Hazel Henderson, Editor“

Institutional Investor Intelligence on Global Asset Owners
 

Analysis on SWFs, Pensions, and Institutional Investors – Volume 744 – Jan 2019

Australia’s Scott Morrison government may soon allow the country’s Future Fund to offer low-fee superannuation accounts. Aware of the proposal, Prime Minister Morrison stressed that offering Australia a low-fee, government-managed superannuation fund as a default option is not government policy.

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Norway Government Pension Fund Global will not be able to invest in three more companies as decided by Norges Bank. In a statement by Norges Bank Investment Management (NBIM), Texwinca Holdings Co, Evergy Inc, and Washington H. Soul Pattinson & Co Ltd., were removed from the sovereign wealth fund’s portfolio.

On the Radar

 

Koch Brothers Kick Big Money into ERP Cloud Software Company Infor.  Koch Brothers back defensive ERP company led by former Oracle co-president.

 

RDIF and Development Agency of Serbia Agree to Explore Joint Investments.  RDIF begins to make inroads back into Central and Eastern Europe.

 

CPPIB and Insight Invest $500 Million in Swiss Data Recovery and Backup Company.  Big bets in the cloud – Switzerland is winning.

 

KIC Sells City of London Office to South African Investor.  Realignment time, KIC shuffles through some property assets.

 

Central Bank of Nigeria seeks to increase consumer usage of banking.  Central Bank of Nigeria Reveals Plan for New National Micro-Finance Bank.