Norway’s US$1 trillion sovereign wealth fund, the world’s largest, has excluded nine groups, including the UK’s military equipment maker BAE Systems, from its portfolio based on ethical grounds, the Norwegian central bank said on Tuesday.
The British defence group, along with the US firms Aecom, Fluor and Huntington Ingalls Industries have been banned for producing components to build nuclear weapons, the central bank said.
The fund has banned BAE Systems in the past but later…