Phoenix Holdings Ltd
PHOE
Industrials
1
exclusion reason
1 theme
This page is part of our public exclusion list — a transparency tool that shows which companies we screen out and why. It is not investment advice, and it is not an accusation. But it is subject to change as our understanding of the facts evolves.
Phoenix Holdings Ltd, operating as Phoenix Financial, is an Israeli financial services group providing insurance and asset management. According to AFSC Investigate, the company routinely finances and insures construction and infrastructure projects in Israel's illegal settlements throughout the occupied West Bank and Golan Heights. Its business model inherently involves holdings in companies and projects within these occupied territories, making direct or indirect financial support of settlement activity a core part of its operations. In July 2024, Jared Kushner's Affinity Partners acquired a $128.5 million stake in Phoenix, marking a significant investment in the firm.
Research Sources
1 organization
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A digest of changes to our exclusion list — new additions, removals, and the evidence behind them. We review the list continuously as new evidence surfaces.
Companies appear on our exclusion list based on our investment judgment — not because they've done anything illegal. This is a difference of values and opinion, not an accusation of wrongdoing. Exclusion does not constitute a recommendation against investing in any company, and absence from the list does not constitute a recommendation to invest.
This information is provided for educational and transparency purposes only and should not be relied upon as investment advice. Data is drawn from independent watchdogs, NGOs, government registries, and Ethical Capital's ongoing research — see Research Sources for the full list.
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