Major bank DNB shuts down oil and shipping fund after 23 years

DNB's Asset Management division has decided to shut down an investment fund for oil service and shipping, reports E24. "We see a clear change toward 'green funds'," says DNB.

Photo: DNB/PR

After 23 years DNB Asset Management will now very soon shut down its fund for oil services and shipping, reports Norwegian media E24.

The decision is attributed to low demand for the fund among customers.

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