Dutch pension fund ABP sold Meta and Alphabet as well as Tesla

The giant Dutch civil service pension fund ABP sold its stakes in Alphabet and Meta in the third quarter of last year, as well as Tesla, the Financieele Dagblad reported on Tuesday. The companies no longer met ABP’s stricter criteria for responsible entrepreneurship, the paper said, adding that the sale was part of a divestment of some 900 out of 2,000 positions. The paper bases its claims on an analysis of ABP’s investment strategy. ABP is the biggest pension fund...