Early this year investment research firm Morningstar caved to a multi-year ADL pressure campaign and exempted Israel from its socially responsible investing ratings. This success in exempting Israel from investor accountability is just the beginning.
In late February, just in time for its annual “Never is Now” conference, the ADL announced it had created an exchange traded fund (ETF), stock symbol TOV, so people could invest according to “Jewish values.” However, it will likely not surprise you that TOV, Hebrew for good, it turns out is not so tov.
The fund’s “Jewish Values” include investments in the major oil companies, the major defense contractors, and surveillance and spyware specialists like Palantir and Crowdstrike. In fact, the only S&P 500 companies excluded from TOV are two tobacco companies, a company that mines tar sands, and General Mills because that company sold its stake in a Jerusalem-based subsidiary.
What’s going on here? When did the ADL turn into an investment advisor?
It turns out this is part and parcel of the ADL’s campaign against the Boycott, Divestment, and Sanctions (BDS) movement. In fact, the ADL is aggregating stock ownership as just one part of a broad campaign to pressure companies to adopt pro-Israel policies, and remain quiet on Israeli state violence and human rights abuses. (more...)
The ADL’s war on socially conscious investing is in service to Israel and the new oligarchy
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