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16 January 2016
- The $20-billion pension fund of the United Methodist Church has divested from two Israeli banks and excluded five major Israeli banks from future investments.
The move by the US church’s pension fund manager Wespath was taken under its ethical investment policy, as Israel falls among the “high risk” countries it has identified for “a prolonged and systematic pattern of human rights abuses.”
The United Methodist Church says it is the second largest Protestant denomination in the US and counts almost 13 million members worldwide.
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