New Zealand’s super investment in Israel updated
The three Israeli companies from which investment has been withdrawn by the New Zealand Superannuation Fund as part of their divestment policy were among a total of 45 firms in which the government-sponsored fund had a financial interest last financial year.
As of June this year, the fund, which invests Government money, had a total of $7.7 million invested in Israel. The three companies it had withdrawn funding from – Africa Israel, Elbit and Shikun and Binui represented a combined investment in these companies in the year ending June 2012 was $62,000.
A spokesperson for the fund said: ” This is not about Israeli companies; it is about the activities these three companies are involved in.”
A spokesperson for he Israeli Embassy in Wellington said there was no comment being made.