Norway’s sovereign wealth fund, the world’s largest, will exclude another six Israeli companies with connections to the West Bank and Gaza from its portfolio following an ethics review, it said on Monday.

The $2 trillion wealth fund did not name the companies it had decided to exclude. The announcement comes one week after the fund said it was selling its investments in 11 Israeli companies over concerns about affairs in the West Bank and Gaza.

The fund launched an urgent review earlier this month after reports that it had built a stake in an Israeli jet engine group that provides services to the Israel Defense Forces, including the maintenance of fighter jets.

“We are invested in companies that operate in a country at war, and conditions in the West Bank and Gaza have recently worsened. In response, we will further strengthen our due diligence,” the fund’s CEO Nicolai Tangen said in a statement last week.

As of August 14, the fund had some $1.86 billion invested in 38 companies listed in Israel, the fund’s operator........

© The Times of Israel