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Economics

Norway’s Sovereign Wealth Fund Steps Up Withdrawal from Israeli Companies

Norway’s sovereign wealth fund, the world’s largest, has escalated its withdrawal from Israeli companies by selling all its holdings in 11 firms outside the fund’s benchmark index and terminating all contracts with external asset managers handling its investments in Israel. The fund stated that future investments will be limited to Israeli companies included in the benchmark index, while continuing to review remaining holdings with the possibility of further divestments.

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