Norway’s $1.9 Trillion Wealth Fund Sells Off Israeli Assets

Norway’s $1.9 trillion sovereign wealth fund has divested from 11 Israeli companies and is terminating all contracts with external managers in Israel following public outcry over its investments linked to the war in Gaza.

Pressure on Norges Bank Investment Management — the official name of the fund — has grown in recent months, reflecting domestic concern over the suffering in the Palestinian enclave. The fund held stock in some 61 Israeli companies as of the end of June this year, NBIM said in a statement.