The Central Bank of Norway, Norges Bank, has followed up on an August 7 statement from the Ministry of Finance that investments by Norway’s sovereign wealth fund into Israel would be reviewed. On August 11, the Central Bank announced some conclusions from its research:
The fund was invested in 61 Israeli companies, 11 of which are not on the Ministry of Finance’s benchmark index. “All investments in Israeli companies that are not in the Ministry of Finance’s benchmark index should be sold as soon as possible,” the bank announced. And “We are taking back all Israeli investments that have been managed by external managers. This means that we are terminating the agreements with our external managers in Israel.”
