Irish fund invested in five firms named in UN report on Israeli settlements
The Ireland Strategic Investment Fund (ISIF) disclosed that it holds investments in five companies identified by the UN as being involved in illegal Israeli settlements. While the fund has divested from other companies on the list, it maintains that its current holdings are part of passive index tracking rather than political endorsements.
Why it matters
This raises questions about the ethical responsibilities of state-managed investment funds regarding human rights and international law.
The State’s Ireland Strategic Investment Fund (ISIF) had, as of the end of last year, invested in five companies named in the latest UN Human Rights Office database of firms involved in certain illegal Israeli settlements in the occupied Palestinian territory.
The article presents the fund's defense alongside the context of the UN report without using loaded language.
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