Israel News | Zionism Israel Center | Zionism History | Zionism Definitions | ZioNation | Forum | Zionism FAQ | Maps| Edit

Tuesday, September 15, 2009

TIA-CREF Press Release - Sale of Africa-Israel shares unrelated to Israel divestment campaign

An Israel Boycott Movement announcement and a Haaretz and other articles based on it claimed that the TIA-CREF retirement fund had divested from Africa-Israel corp. due to their alleged activities in the West Bank. A TIA-CREF press release shows that there is no truth to the report. The shares were sold in June because of poor performance. The press release is below.  TIA-CREF maintains that the fund still has large sums invested in Israel.

As of June 30, 2009, TIAA-CREF no longer owned shares in Africa-Israel Investments Ltd.  While a small number of shares of the company were previously held in the CREF Stock Account, they were sold after they fell out of the MSCI Emerging Markets Index.

Some news reports have failed to note that the sale occurred in June, as a routine part of the indexing investing process, in which the Account manager's holdings track the index. The CREF Stock Account invests in a broadly diversified portfolio of domestic and foreign equity securities by using a combination of three strategies: active management, enhanced indexing and pure indexing.

The MSCI Emerging Markets Index, which the CREF Stock Account tracks in part, is a free float-adjusted market capitalization index that is designed to measure equity market performance of 22 emerging markets countries (as of June 2009). 

As of June 30, 2009, TIAA-CREF funds and accounts had investments in companies in Israel and around the world.  For information about specific holdings, please see the semi-annual CREF Schedule of Investments, available here.

For more information on the CREF stock account, click here.

Copyright - Original materials copyright (c) by the authors. Originally posted at Please do link to these articles, quote from them and forward them by email to friends with this notice. Other uses require written permission of the author.


  • It turns out that Israel-Africa's financial struggles may be being used by BDS advocates to create a fake reality whereby the divestment movement (which has been suffering a string of losses this year) is actually "winning" by getting major financial institutions to do their bidding.

    This apparently happened once earlier this summer with the UK investment giant Blackrock. See for details.

    By Blogger Site Owner, At September 15, 2009 7:17:00 PM GMT+00:00  

Post a Comment

<< Home

Subscribe to
email newsletter for this site and others

Powered by

Feedblitz subcription
To this Blog only

You can receive our articles by e-mail. For a free subscription, please enter your e-mail address:

Preview | Powered by FeedBlitz

Web Logs & Sites

This Site

Zionism & Israel
Zionation Web Log
IMO Web Log (Dutch)

ZI Group
Zionism-Israel Pages
Israël-Palestina.Info (Dutch & English)
Israƫl in de Media
MidEastWeb Middle East News and Views
MidEastWeb Middle East Web Log

Brave Zionism
Israel: Like this, as if
Israel & Palestijnen Nieuws Blog

Friends and Partners
EinNews Israel
Israel Facts
Israel Proud Adam Holland
Middle East Analysis
Irene Lancaster's Diary
Middle East Analysis
Israeli-Palestinian Conflict
Israel Facts (NL)
Cynthia's Israel Adventure
Jeff Weintraub Commentaries and controversies
Meretz USA Weblog
Pro-Israel Bay Bloggers
Simply Jews
Fresno Zionism
Anti-Racist Blog
Sharona's Week
Z-Word Blog
Jewish State
Take A Pen - Israel Advocacy
Zionism on the Web
ZOTW's Zionism and Israel News
Zionism On The Web News
ZOTW's Blogs
Christian Attitudes
Dr Ginosar Recalls
Questions: Zionism anti-Zionism Israel & Palestine
Southern Wolf
Peace With Realism
Sanda's Place
Liberal for Israel
Realistic Dove
Blue Truth
Point of no Return
Christians Standing With Israel
Christians Standing With Israel - Blog

Encylopedic Dictionary of Zionism and Israel
Middle East Encyclopedia
Zionism and its Impact
Zionism & the creation of Israel
Zionism - Issues & answers
Maps of Israel
Christian Zionism Resources
Christian Zionism
Albert Einstein
Gaza & the Qassam Victims of Sderot
Zionist Quotes
Six Day War
Jew Hatred
Learn Hebrew
Arab-Israeli Conflict
International Zionism

Palestinian Campaign for the Academic and Cultural Boycott of Israel
Israel Boycott
Boycott Israel?
Amnesty International Report on Gaza War
Boycott Israel?
Dutch Newspaper Reporting: A Study of NRC Handelsblad
Hamas (Dutch)
Dries van Agt (Dutch)
Isfake lobby

At Zionism On the Web
Articles on Zionism
Anti-Zionism Information Center
Academic boycott of Israel Resource Center
The anti-Israel Hackers
Antisemitism Information Center
Zionism Israel and Apartheid
Middle East, Peace and War
The Palestine state
ZOTW Expert Search
ZOTW Forum

Judaica & Israel Gifts
Jewish Gifts: Judaica:
Ahava Products

Powered by Blogger

Subscribe to
Posts [Atom]

RSS V 1.0

International Affairs Blogs - BlogCatalog Blog Directory