Norway’s sovereign wealth fund is reducing its investments in Israeli companies due to deteriorating conditions in Gaza and the West Bank. The fund, managed internally now, has divested from 11 Israeli firms, including a jet engine company with ties to the Israeli military. Current investments in Israeli companies total $1.95bn, with a focus on those listed in the equity benchmark index. The fund has also divested from an energy company and a telecommunications group on ethical grounds. An ethics council is evaluating potential divestment from five banks amid regional tensions.

Read more at Yahoo Finance: Norway’s Wealth Fund to reduce Israeli holdings amid regional tensions