Norway SWF drops India, China firms on Myanmar arms deals

Norway’s $1.16 trillion sovereign wealth fund (SWF), the Government Pension Fund Global, announced it has excluded China's AviChina and India's Bharat Electronics (BEL) from its portfolio as of January 24. The two companies have been excluded due to the “unacceptable risk that the companies are selling weapons to a state that uses these weapons in ways that constitute serious and systematic breaches of the international rules on the conduct of hostilities,” according to Norges…