Managers of Norway’s sovereign wealth fund say it has sold its shares in 11 Israeli companies, a move that they say reduces its holdings in the country against the backdrop of the “serious humanitarian crisis” in Gaza.

Norway’s $1.9 trillion sovereign wealth fund has divested its holdings in 11 Israeli companies and terminated due to the Gaza war

Norway’s massive sovereign wealth fund, managed by Norges Bank Investment Management (NBIM), is cutting back on its investments in Israeli companies because of the ongoing conflict and humanitarian crisis in Gaza and the West Bank.