en.wikipedia.org/wiki/Government_Pension_Fund_of_Norway
6 corrections found
Unlike the Global division, it is required to limit its investments to companies in the Norwegian stock market, predominantly on the Oslo Stock Exchange.
Government Pension Fund Norway is not limited to Norway alone. Its manager says the capital is also invested in Sweden, Denmark, and Finland, with a benchmark of 85% Norway and 15% rest of the Nordic region.
Full reasoning
Folketrygdfondet, the official manager of the Government Pension Fund Norway, says the fund is not restricted only to Norwegian-listed companies. Its official description states that "The capital is also invested in Sweden, Denmark, and Finland" and that the benchmark is 85 percent in Norway and 15 percent in the rest of the Nordic region. So the claim that the fund is required to limit its investments to companies in the Norwegian stock market is incorrect.
1 source
- This is Folketrygdfondet | Folketrygdfondet
The capital is also invested in Sweden, Denmark, and Finland, and is invested in both equity and fixed income. The benchmark index set by the Ministry of Finance has 60 percent in equities and 40 percent in fixed income, distributed with 85 percent in Norway and 15 percent in the rest of the Nordic region.
2 July 2025
This row gives the wrong exclusion date for Bank Hapoalim. Norges Bank says the executive board decided on 8 August 2025 and published the exclusion on 25 August 2025; 2 July 2025 was a recommendation date, not the exclusion date.
Full reasoning
For Bank Hapoalim BM, Norges Bank's official exclusion materials do not list 2 July 2025 as the exclusion date. In its 18 August 2025 letter to the Ministry of Finance, Norges Bank states that the Executive Board decided on 8 August 2025 to exclude six companies connected to the West Bank and Gaza, based on recommendations dated 25 June and 2 July. Norges Bank's official exclusion list then shows Bank Hapoalim BM with publishing date 25.08.2025. That means the Wikipedia row is using a recommendation date as if it were the exclusion date.
2 sources
- Government Pension Fund Global - renewed review of responsible investment work and investments in Israeli companies | Norges Bank Investment Management
Norges Bank's Executive Board decided on 8 August 2025 to exclude six companies with connections to the West Bank and Gaza, based on recommendations from the Council on Ethics dated 25 June and 2 July.
- Observation and exclusion of companies | Norges Bank Investment Management
Bank Hapoalim BM ... Conduct-based ... Exclusion ... 25.08.2025
2 July 2025
This row gives the wrong exclusion date for Bank Leumi. Norges Bank says the executive board decided on 8 August 2025 and published the exclusion on 25 August 2025; 2 July 2025 was a recommendation date, not the exclusion date.
Full reasoning
For Bank Leumi Le-Israel BM, Norges Bank's official documents show that 2 July 2025 was part of the recommendation timeline, not the exclusion date. Norges Bank told the Ministry of Finance that its Executive Board decided on 8 August 2025 to exclude six companies based on recommendations dated 25 June and 2 July. On Norges Bank's official exclusion list, Bank Leumi Le-Israel BM appears with publishing date 25.08.2025. So this Wikipedia row mislabels the recommendation date as the exclusion date.
2 sources
- Government Pension Fund Global - renewed review of responsible investment work and investments in Israeli companies | Norges Bank Investment Management
Norges Bank's Executive Board decided on 8 August 2025 to exclude six companies with connections to the West Bank and Gaza, based on recommendations from the Council on Ethics dated 25 June and 2 July.
- Observation and exclusion of companies | Norges Bank Investment Management
Bank Leumi Le-Israel BM ... Conduct-based ... Exclusion ... 25.08.2025
2 July 2025
This row gives the wrong exclusion date for Caterpillar. Norges Bank says the executive board decided on 8 August 2025 and published the exclusion on 25 August 2025; 2 July 2025 was a recommendation date, not the exclusion date.
Full reasoning
For Caterpillar Inc., Norges Bank's own records do not support 2 July 2025 as the exclusion date. In its official 18 August 2025 letter, Norges Bank says the Executive Board decided on 8 August 2025 to exclude six companies based on Council on Ethics recommendations dated 25 June and 2 July. Norges Bank's public exclusion list then shows Caterpillar Inc. with publishing date 25.08.2025. That means the date in this row is not the exclusion date; it is one of the recommendation dates underlying the later decision.
2 sources
- Government Pension Fund Global - renewed review of responsible investment work and investments in Israeli companies | Norges Bank Investment Management
Norges Bank's Executive Board decided on 8 August 2025 to exclude six companies with connections to the West Bank and Gaza, based on recommendations from the Council on Ethics dated 25 June and 2 July.
- Observation and exclusion of companies | Norges Bank Investment Management
Caterpillar Inc. ... Conduct-based ... Exclusion ... 25.08.2025
2 July 2025
This row gives the wrong exclusion date for First International Bank of Israel. Norges Bank says the executive board decided on 8 August 2025 and published the exclusion on 25 August 2025; 2 July 2025 was a recommendation date, not the exclusion date.
Full reasoning
For First International Bank of Israel Ltd, Norges Bank's official documents show that the exclusion came later than 2 July 2025. In its 18 August 2025 letter to the Ministry of Finance, Norges Bank states that the Executive Board decided on 8 August 2025 to exclude six companies, based on recommendations dated 25 June and 2 July. Norges Bank's official exclusion list then records First International Bank of Israel Ltd/The with publishing date 25.08.2025. So the article is using a recommendation date rather than the exclusion date.
2 sources
- Government Pension Fund Global - renewed review of responsible investment work and investments in Israeli companies | Norges Bank Investment Management
Norges Bank's Executive Board decided on 8 August 2025 to exclude six companies with connections to the West Bank and Gaza, based on recommendations from the Council on Ethics dated 25 June and 2 July.
- Observation and exclusion of companies | Norges Bank Investment Management
First International Bank of Israel Ltd/The ... Conduct-based ... Exclusion ... 25.08.2025
2 July 2025
This row gives the wrong exclusion date for Mizrahi Tefahot Bank. Norges Bank says the executive board decided on 8 August 2025 and published the exclusion on 25 August 2025; 2 July 2025 was a recommendation date, not the exclusion date.
Full reasoning
For Mizrahi Tefahot Bank Ltd, Norges Bank's official records show that 2 July 2025 was not the exclusion date. Norges Bank wrote to the Ministry of Finance that its Executive Board decided on 8 August 2025 to exclude six companies, based on recommendations dated 25 June and 2 July. In Norges Bank's official exclusion overview, Mizrahi Tefahot Bank Ltd appears with publishing date 25.08.2025. The Wikipedia row therefore misstates a recommendation date as the exclusion date.
2 sources
- Government Pension Fund Global - renewed review of responsible investment work and investments in Israeli companies | Norges Bank Investment Management
Norges Bank's Executive Board decided on 8 August 2025 to exclude six companies with connections to the West Bank and Gaza, based on recommendations from the Council on Ethics dated 25 June and 2 July.
- Observation and exclusion of companies | Norges Bank Investment Management
Mizrahi Tefahot Bank Ltd ... Conduct-based ... Exclusion ... 25.08.2025