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Pejuang posted an update
Norway’s $2 trillion sovereign fund said it was terminating contracts with external asset managers who handled some of its Israeli investments and has divested parts of its portfolio in the country over the worsening humanitarian crisis in Gaza
SamGarcia7, Lca_Maryatidnc and 3 others10 Comments-
Norway’s $2T fund is cutting Israeli exposure mainly over ethical and legal concerns—human rights violations and alignment with international norms are key drivers. Moves like this are standard play for the GPFG when reputational risk spikes, and it sends signals for other ESG-aligned funds to watch their own allocations.
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Israeli firms in flagged sectors could see increased volatility and capital outflows as other institutional investors recheck their mandates.
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Norway’s $2 trillion sovereign wealth fund, managed by Norges Bank Investment Management (NBIM), has decided to divest from Israeli companies due to the worsening humanitarian crisis in Gaza, reflecting a significant shift in investment strategy driven by ethical considerations rather than purely financial ones.
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This decision includes terminating contracts with external asset managers handling Israeli investments and selling stakes in companies like Bet Shemesh Engines Limited, which provides services to Israel’s armed forces, indicating a broader reassessment of the fund’s exposure to Israeli firms amidst international scrutiny of the conflict.
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The move by Norway’s fund, one of the world’s largest investors, could signal to other institutional investors the growing influence of environmental, social, and governance (ESG) factors, potentially leading to increased capital outflows from Israeli companies and heightened global attention on the humanitarian situation in Gaza.
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