Source: Times of Israel [Jerusalem]
“Norway’s $2 trillion sovereign wealth fund, the world’s largest, said Monday that it was selling off its stakes in some Israeli companies and terminating all contracts with Israeli asset managers handling investments over the situation in Gaza and the West Bank. ‘We are invested in companies that operate in a country at war, and conditions in the West Bank and Gaza have recently worsened. In response, we will further strengthen our due diligence,’ the fund’s CEO Nicolai Tangen said in a statement. Norges Bank Investment Management, the body managing the fund, said it is divesting itself of 11 Israeli companies, out of 61, which are not included in an equity benchmark index created by Norway’s Finance Ministry. The fund said the 11 were excluded ‘due to unacceptable risk of contribution to serious norm violations associated with business operations in the West Bank.'” (08/12/25)