Indiana reinvests in State of Israel bonds

Submitted by Office of the Indiana Treasurer

On Thursday afternoon, Indiana State Treasurer Daniel Elliott reauthorized $15 million worth of reinvestments in State of Israel bonds.

Elliott

“Sixteen months ago, Israel was struck by an unthinkable tragedy,” Elliott said. “Since then, they have continued to put pressure on Hamas and other terror forces, protected their people, and made the world a safer place. Our recommitment is a reflection of Indiana’s faith in the Israeli people and our belief in the continued strength of their economy.”

As Indiana’s Chief Investment Officer, Elliott oversees the investment of $16 billion of state assets and sits on 18 state boards that oversee billions in state funds.

“Our prior bonds had higher return rates than U.S. Treasury notes and were good investments for Hoosier taxpayers. They’re also proof that those who wish to divest and boycott Israel are morally and historically wrong,” Elliott said. “This new re-investment also compares favorably to US Treasuries. Both Hoosiers and Israelis can succeed when we invest together. I am proud of Indiana’s commitment to Israel and look forward to our continued partnership with our great ally.”

Indiana currently holds $110 million in Israel Bonds. They form one part of a large, diversified portfolio. The Indiana Treasurer of State is authorized to invest in State of Israel Bonds by the Indiana General Assembly.