Norway’s $1.9 trillion sovereign wealth fund has divested from 11 Israeli companies and is terminating all contracts with external managers in Israel following public outcry over its investments linked to the war in Gaza.

Opposition politicians and activists call on $2tn fund to review the 50 Israeli companies still in its portfolio

After a review into the fund's links to the Israeli military, the arm of Norway's central bank said it's also divested from 11 of the country's firms.

Norway's $2 trillion wealth fund said Tuesday it expects to divest from more Israeli companies over the situation in Gaza and the West Bank. A review of investments began last week following media reports that the fund had built a stake of just over two per cent in an Israeli jet engine group that provides services to Israel's armed forces.

Norway’s sovereign wealth fund ends asset management deal with Israel-linked firm, citing investment and policy concerns.

The fund has stated that all Israeli investments formerly handled by external managers will now be managed internally.