NZ Super Fund excludes 3 Israeli firms on ethical grounds

Wed, 12 Dec 2012

Dec. 12 (BusinessDesk) – The $20 billion New Zealand Superannuation Fund has excluded three Israeli companies from its portfolio on ethical grounds because of their involvement in illegal settlements and the security wall. The fund’s investments in the firms were insubstantial. Some $9,744 was held in Africa Israel and its subsidiary Danya Cebus, which had been involved in building Israeli settlements in the Occupied Palestinian Territories. Shikun & Binui, of which the fund held $19,898 of shares, was also excluded because of its involveme...

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