"Looking at returns the sector has generated over the past year, not having as much exposure to those kinds of companies as the rest of the market has definitely cost us a little on our own returns," Chief Strategist at PFA Tine Choi Danielsen acknowledges, emphasizing that other parts of the portfolio have compensated for the missed reward.
PFA, AkademikerPension and Velliv are just a few of the companies that have recently divested shares in the oil and gas sector to reduce the CO2 emissions of their portfolios.
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