alt Hacker NewsThat's not true. Both Japan's and Singapore's fund follow ESG guidelines. Avoiding Israeli investments is no more "woke" than avoiding investing in tobacco companies. It's only "politicized" because you don't agree with their politics.
That's not true. Both Japan's and Singapore's fund follow ESG guidelines. Avoiding Israeli investments is no more "woke" than avoiding investing in tobacco companies. It's only "politicized" because you don't agree with their politics.
I'm not complaining about ESG - I think it's an overloaded term that fell prey to populist attacks from the right, as I pointed out in my Florida example.
What I'm saying is the primary goal of a sovereign wealth fund is to invest in developing an economic cushion for it's home country no matter the cost. This is why the GPIF and KIC heavily invested in China and each other despite both counties fighting trade wars amongst themselves. And similar to how Temasek heavily invested in Malaysia in the 1980s-90s despite virulently anti-Singaporean and anti-Chinese sentiment in Malaysia back then.
In all honesty, it's people like you like you who have lead politicans on both the right and the left to realize that turning SWFs into a political football yields electoral wins while ignoring the long-term impact it has.
And this specific case in the article is about Microsoft's investment in KSA which is unrelated to the Israel-Gaza Conflict. And in all honesty, when the far right end up winning in Norway in 2-3 election cycles, they'll do similarly stupid shenanigans with the GPF.
Non-experts do not have to have a say in every single nitty gritty decision. At some point, governance needs to be left to the administrators. And not everything needs to be a moral battle or culture war.