http://www.huffingtonpost.com/ben-s-cohen/another-israel-divestment_b_78...
Back in May, Israel's economic vibrancy secured its admission into the Organization for Economic Cooperation and Development (OECD,) which gathers together the world's developed countries. As a result, funds focused upon emerging markets were obliged to withdraw their investments from Israeli companies, who'd moved to the different benchmark for developed markets. Bottom line: this had absolutely nothing to do with politically-motivated divestment.
If you read the Electronic Intifada piece closely, you'll notice the giveaway line "...divested from almost all the Israeli companies in its portfolio," begging the question of why, if you've embraced the BDS gospel, would you not divest from every single one? Again, the answer is that the Dutch fund didn't divest in the first place. That is why, in its portfolios that deal with developed markets, you will find two Israeli companies - the software developer Checkpoint (now there's a line for all you budding comedians) and the supermarket chain SuperSol.
ROTFL !
To get more from opinion, click here to sign up for our free Editor's Picks newsletter.
