#caterpillar

#caterpillar

Six of the seven have experienced mixed or negative returns at points throughout the year, with broad concerns over valuations, sector rotations, and sustainability weighing on performance. In contrast, one unexpected name has outperformed six of the seven: Caterpillar ( ), the heavy equipment manufacturer. On a total return basis (capital appreciation plus dividends), Caterpillar trails only Alphabet by about one percentage point or so as of last Friday's close.

The fund had held a 1.2 percent stake in Caterpillar, valued at 24.4 billion krone ($2.4 billion), as of the end of last year. The Norwegian central bank, which manages the fund, said it had decided to exclude Caterpillar as it posed "an unacceptable risk... to serious violations of the rights of individuals in situations of war and conflict". The fund said it had based its decision on a recommendation by its council on ethics.

Clanton's illustrations tend toward cartoony; he used watercolors, ink, leaf pressings, stamps, markers and colored pencils. Really anything he could get his hands on.

"One of the most elaborate cases was adorned with a weevil head, an ant head, spider legs, bits of fly wing and pieces of beetle wing and abdomen."