Dutch Pension Funds Are Latest Investors to Cut Israel Risk

PME, a Dutch pension fund with $68 billion in assets, said it has exited investments in a number of companies exposed to the Palestinian territories, after identifying the holdings as potentially tied to human rights violations.

The decision follows “an extensive due diligence process and engagement that took several months,” a PME spokesperson said. The companies include US-based online travel company Booking Holdings Inc., cement maker Cemex SAB de CV, and Motorola Solutions Inc., a communications equipment provider. The spokesperson added peace talks due to take place in Egypt “will not” alter PME’s position.

The companies include cement maker Cemex SAB de CV.

Photographer: Susana Gonzalez/Bloomberg

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