Norway's $2 trillion wealth fund ends contracts for Israel asset management
HUFFPOST.COM
'ends contracts'
SUMMARY

Norway's $2 trillion sovereign wealth fund announced the termination of contracts with asset managers overseeing its investments in Israel due to the ongoing situation in Gaza and the West Bank. The decision followed a review prompted by the fund's stake in an Israeli company linked to military services.

The fund has divested from 11 of the 61 Israeli companies it held as of June 30. It will now manage Israeli investments internally, limiting them to companies in the equity benchmark index. The fund continues to examine other potential divestments related to ethical concerns.

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