Norwegian sovereign wealth fund reviews investment policy tied to Israel

The Norwegian sovereign wealth fund, one of the largest global investment structures, has announced a review of its investment policy concerning Israeli and international companies due to the conflict in the Gaza Strip.

The review comes amid concerns about a potential breach of the fund's ethical code.

Reports indicate that the fund is considering divestment from companies supplying weapons used in the Gaza Strip by Israel.

It's important to note that the fund's regulations permit investments in defense firms, except those involved in nuclear weapons.

As of the end of 2023, the fund held shares in 76 Israeli companies, having divested from several firms in previous years "concerning infrastructure projects in the occupied territories."