Danish pension fund excludes Israeli assets over Gaza war, West Bank settlements
Danish fund manager AkademikerPension says it has decided to drop Israeli assets from its investment portfolio over the regime’s ongoing war in the Gaza Strip and the development of illegal settlements in the occupied West Bank.
The 157 billion Danish crowns ($24.77 billion) AkademikerPension, which manages the pensions of Danish teachers and university lecturers, said on Wednesday the Israeli measures were not in accordance with international humanitarian principles.
"This comes as an assessment of ... Israel's ability to uphold human rights," CEO Jens Munch Holst told Reuters.
AkademikerPension’s move is the latest decision by a European fund manager to curb investments in Israel after Norway’s $2 trillion gigantic sovereign wealth fund excluded, in August, another six companies linked to the settlements in the West Bank and the ongoing Gaza carnage from its portfolio.
The Financial Times also reported in August that Britain's largest private pension fund has reportedly sold off £80 million ($101 million) in assets linked to Israel as pressure mounts on its members to divest from the occupying regime over its genocidal aggression against the Gaza Strip.
Israel began its campaign of genocide in Gaza on October 7, 2023, after the Palestinian resistance movement Hamas carried out the historic Operation Al-Aqsa Flood against the usurping entity in retaliation for the regime’s intensified atrocities against the Palestinian people.
Israel has drawn widespread condemnation over its military conduct in Gaza, where at least 65,419 Palestinians, mostly women and children, have been killed, and famine has spread.
The International Court of Justice last year said Israel’s continued presence in the occupied Palestinian territory is “unlawful” and that the regime “is under an obligation” to end it “as rapidly as possible.”
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