Norway's sovereign wealth fund has decided to sell stakes in Israeli companies and terminate contracts with foreign managers because of the Gaza conflict.

Norway's $2 trillion sovereign wealth fund has decided to end its collaboration with the external managers that handled its investments in Israel and has sold its stakes in 11 of 61 Israeli companies. The decision was taken after an urgent review of investments in the context of the Gaza conflict. The fund will transfer investment management internally, limiting itself to companies in the stock market benchmark index. The ethics board is also considering divestment from five Israeli banks.