Norway wealth fund urged to ease nuclear arms ban after Gaza investment row

What happened: A government-appointed committee urged Norway's sovereign wealth fund to ease ethical investment limits, allowing investment in nuclear weapons producers and stepping back from diplomatic issues such as Gaza. Key numbers: The fund controls assets totalling nearly $2.3 trillion. Why it matters: The report drew political backlash in Norway, and an analyst warned that a shift by the fund, seen as a global gold standard, could open Pandora's box for other global investors to follow.

A government-appointed committee urged Norway's sovereign wealth fund to ease ethical investment limits, allowing investment in nuclear weapons producers and stepping back from diplomatic issues such as Gaza.

The report drew political backlash in Norway, and an analyst warned that a shift by the fund, seen as a global gold standard, could open Pandora's box for other global investors to follow.