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Investment Firm Launches Ivest Israel

Tuesday, January 20, 2015   (0 Comments)
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INVESTMENT FIRM LAUNCHES IVEST ISRAEL:
WORLD’S FIRST INVESTMENT PRODUCT TO RESPOND DIRECTLY TO DIVESTMENT

ROCHESTER, NY, January 20, 2015 - In direct response to the “BDS” (Boycott, Divestment and Sanctions) campaign against Israel, Steven Charles Capital, a registered investment advisor established in 1986 has launched Ivest Israel.

In 2005, Palestinian groups and supporters began a campaign of boycotts, divestment and sanctions ("BDS") against Israel. Millions of dollars have since been pulled from companies that do business in Israel, most recently by the Presbyterian Church (U.S.A.) in June, 2014. 

“The best response to divestment is investment,” said Dan Braverman, founder of Ivest Israel. “Ivest Israel is an investment alliance of individuals and organizations who know that divesting from Israel is wrong both morally and economically. Not only is Israel the sole democracy in a region filled with oppression and intolerance, but it is a remarkable economic success at the center of global innovation.” 

Ivest Israel is a portfolio of 25-30 large multinational companies that make sustained investments in and commitments to Israel, many of which have been targeted for boycotts and divestment as a result. 

While other vehicles invest directly in Israeli companies, Ivest Israel selects exceptional multinational businesses operating in Israel for two key reasons. First, these multinationals are crucial to Israel’s economy overall. Intel, for instance, is the largest private sector employer in Israel and accounted for a full 10% of Israel’s exports in 2012.

And second, “when it comes right down to it, these are some of the greatest companies in the world,” said Steve Braverman, lead portfolio manager for Ivest Israel. “Israel is a hotbed of talent and innovation so it is no coincidence that the most enduring and consistently profitable companies in the world are deeply involved there. Ivest Israel is much more than an expression of support for Israel.  It is first and foremost a smart long-term investment.”

As part of its mission, Ivest Israel will donate 20% of all investment management fees to organizations actively confronting BDS, including AIPAC, CAMERA, CUFI, Hillel International and the Simon Wiesenthal Center.



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Contact: 
Dan Braverman
585-483-0678
dbraverman@ivestisrael.com

www.ivestisrael.com

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