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Sovereign Wealth Funds Briefing - Categorized | Ethical/Green Investments

Ethical NZ Super strikes at Israeli companies

Posted on 17 December 2012

The $US 16 billion New Zealand Superannuation Fund, which regularly ranks at the top of various sovereign wealth fund governance charts, has sold its small holdings in three Israeli companies for ethical reasons after a review of its passive international portfolio.
Two companies, Africa Israel and Shikun & Binui, had been involved in building Israeli settlements in the Occupied Palestinian Territories. The third, Elbit Systems, was involved in the construction of the separation barrier in occupied Palestine, which has been cited as illegal under international law, according to the United Nations………………………………..Full Article: Source


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