Norway sovereign fund withdrawing from its Israeli portfolio

The chief executive of Norway’s $2 trillion sovereign wealth fund, the world’s largest, is anticipating further divestment in Israeli companies. Nicolai Tangen was speaking one day after the fund announced it was terminating contracts with external asset managers handling some of its investments in Israeli companies. It has also divested parts of its portfolio in Israel due to the worsening humanitarian crisis in Gaza. “We expect to divest from more companies,” Mr Tangen said at a press conference on Tuesday.