World's largest sovereign wealth fund exits Caterpillar and five banks on Israel concerns
1. Norway's sovereign wealth fund divests from Caterpillar citing ethical concerns. 2. NBIM had a $2.4 billion stake in CAT, about 1.2% ownership. 3. Caterpillar's equipment linked to violations in the West Bank conflict. 4. Growing political pressure in Norway pushes NBIM to review investments. 5. NBIM aims to avoid political backlash while seeking returns.