Norway's sovereign wealth fund has announced the sale of its investments in 11 Israeli companies, citing the worsening humanitarian crisis in Gaza and heightened ethical concerns. The decision follows increased scrutiny of Israeli firms since autumn 2024, including revelations about investments in companies linked to military operations. The fund will now restrict its investments in Israel to those included in its official equity benchmark index and move all externally managed Israeli investments in-house, terminating contracts with outside managers. Norwegian officials emphasized the importance of adhering to ethical guidelines and avoiding investments in companies associated with violations of international law. A review of the fund's Israeli holdings is underway, with findings expected before August 20. Separately, Norwegian pension fund KLP has also excluded an Israeli company involved in supplying military drone components.