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​AP4 adds nuclear weapons, oil sands to investment blacklist

Jan 16, 2019 - Investment & Pensions Europe

Sweden's AP4 has moved to divest nuclear weapons and oil sand businesses after new investment guidelines came into force on 1 January.

The new rules formed a package of changes to the mandate of the four funds backing Sweden's state pension - AP1, AP2, AP3 and AP4 - which also include freedoms to invest more in illiquid and alternative assets than is currently the case.

Around 45 companies related to nuclear weapons have been sold and five firms with oil sand activities were dive...