Norway's $2 Trillion Wealth Fund Divests 11 Israeli Assets, Centralizes Management
Norway's fund divested from 11 Israeli firms linked to military activities and will manage Israeli assets internally amid Gaza conflict concerns, overseeing $2 billion in Israeli investments.
- On Monday, Norway's sovereign wealth fund, officially known as Norges Bank Investment Management, sold its investments in 11 Israeli companies and terminated all contracts with external managers over concerns about the Gaza and West Bank situation.
- Finance Minister Jens Stoltenberg ordered a review of the fund’s Israeli investments by Norway’s central bank and the Ethics Council, with findings due before August 20.
- As of June 30, the fund held stakes in 61 Israeli companies and divested in 11 in recent days, according to Nicolai Tangen, CEO of Norges Bank Investment Management.
- The fund said it will bring its Israeli assets under in-house management to reduce external contracts, simplify oversight, and limit investments to companies in the equity benchmark index.
- Next month, with parliamentary elections looming, NBIM will end active management in Israel and limit holdings to the equity benchmark index, following growing political pressure.
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122 Articles
Norges Bank Investment Management, a branch of the Norwegian central bank and the world's largest sovereign wealth fund, is withdrawing investments in large Israeli companies due to the situation in Gaza and the West Bank.
In Norway, the country's sovereign wealth fund held shares in 65 Israeli companies at the end of 2024, worth a total of $1.95 billion.
Norwegian fund pulls investments from Israeli companies over Gaza conflict
Norway’s sovereign wealth fund, the world’s largest, ended the second quarter of 2025 with an impressive 6.4 percent return, its best performance in a year and a half. The main reason for this growth was investments in stocks, which were boosted by the recovery in global stock markets and strong returns in the financial sector. The fund, managed by Norges Bank Investment Management (NBIM), currently has assets worth around $1.9 trillion, or 19.6…
In accordance with the "ethical principles", the State Fund intends to phase out investments in 11 Israeli companies.
Norway Wealth Fund reportedly divested from 17 Israeli companies since start of July
The nearly $2 trillion fund announced Monday that it has sold its holdings in 11 Israeli companies, but a report in a Norwegian financial newspaper listed 17 companies the fund has divested from, ranging from Bet Shemesh Engines, which provides services to the IDF, to Rami Levy, a grocery store chain
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