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Sovereign Wealth Funds Briefing - Categorized | Ethical/Green Investments

NZ Super drops firms over Israel-Palestine positions

Posted on 13 December 2012

New Zealand Superannuation Fund has excluded three companies from its US$17 billion portfolio for their roles in the Israel-Palestine conflict. The sovereign wealth fund passively held shares of Africa Israel Investments, its subsidiary construction company, Danya Cebus, and Shikun & Binui in its global equity portfolio. The Israel-based holding/construction companies transgressed NZ Super’s relatively strict responsible investing policy and cannot reenter the portfolio until in they are compliance.
The firms were excluded for “their involvement in constructing Israeli settlements…and a separation barrier in the Occupied Palestinian Territories,” according to a statement from NZ Super………………………………………..Full Article: Source


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