Good news! The Vikings invest in Israel! The strange politicization of the Norwegian sovereign wealth fund is concerning!
"... The filing shows that the fund held shares in 70 Israeli companies worth billions of dollars from a range of sectors including those traded on Wall Street and companies only traded on the Tel Aviv Stock Exchange (TASE). The SEC filing shows that the fund's 10 biggest investments in Israeli companies are worth $1.8 billion. ...
Norwegian sovereign wealth fund is one of the world's biggest investors, ... It holds shares in 9,228 companies and its portfolio holds 1.3% of all the shares traded on global stock markets. ...
Norwegian sovereign wealth fund is one of the world's biggest investors, ... It holds shares in 9,228 companies and its portfolio holds 1.3% of all the shares traded on global stock markets. ...
The Norwegian sovereign wealth fund made headlines in Israel in December when it reported that it is considering disinvesting from some of the financial bodies in Israel due to their activities in the "occupied territories."
The fund has in the past disinvested from real estate, construction and infrastructure companies like Shapir Engineering and Industries (TASE: SPEN), Ashtrom Group (TASE: ASHG), Electra (TASE: ELTR), Mivne Real Estate (TASE: MVNE) and Danya Cebus (TASE: DNYA) because they operate over the "green line." At the end of 2022, the Norwegian Sovereign Wealth Fund announced that it was disinvesting from Cognyte Software (Nasdaq: CGNT) for the same reason. Following each of these disinvestments the fund cited "unacceptable risks" because of human rights violations. ..."
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