COPENHAGEN, Denmark — Danish fund manager AkademikerPension is excluding Israeli state assets, including government-controlled companies, from its investment portfolio, it says, due to the war in Gaza and the expansion of Israeli settlements in the West Bank.
It is the latest decision by a European fund manager to curtail investments in Israel, following recent divestments by Norway’s $2 trillion sovereign wealth fund.
The 157 billion Danish crowns ($24.77 billion) AkademikerPension, which manages the pensions of Danish teachers and university lecturers, says the conflict was not in accordance with international humanitarian principles.
“This comes as an assessment of the state of Israel’s ability to uphold human rights,” CEO Jens Munch Holst tells Reuters.
The ongoing war in Gaza was sparked when Hamas-led terrorists murdered 1,200 people, mostly civilians, and took 251 hostages, on October 7, 2023.
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