Norway's $2 trillion sovereign wealth fund is divesting from 11 Israeli companies and terminating contracts with Israeli asset managers due to ethical concerns regarding the situation in Gaza and the West Bank. The decision follows a review prompted by the Norwegian government and intensified monitoring of Israeli companies. The fund's CEO, Nicolai Tangen, stated that the move strengthens their due diligence process. Investments in Israel will now be limited to companies within a specific equity benchmark index. This action comes after recent reports of the fund's investments in companies involved in Israeli military operations.

Prepared by Rachel Morgan and reviewed by editorial team.