Norway wealth fund should invest in fewer companies, government says ...Middle East

Norway's $1.3 trillion wealth fund, the world's largest, should reduce the size of its global company reference index by between 25% and 30% to better follow up companies, primarily by removing small-cap stocks, the finance ministry proposed on Friday. The move reflects the growing awareness among international investors about risk in the environmental, social and corporate governance (ESG) field, in which the Norwegian wealth fund has often set the pace.

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