Ethical investment may not mean higher returns, says Norway fund chief economist
An ethical investment stance is ‘consistent with earning good returns' says GPFN economist
The ethical investment of Norway's government pension funds is a "hot topic" in Norway, which can be "consistent with earning good returns", but there is no empirical evidence that it makes economic sense, according to Thomas Ekeli, chief economist of the domestically invested pension fund, Government Pension Fund Norway (GPFN).
During a presentation to the National Asset Liability Management conference in Singapore yesterday, Ekeli emphasised the importance of ethically-focused investment –
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