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      Deutsche Bank Offers Judenrein Investment Package?

      Largest German bank offers Exchange Trade Note that allows investors to bypass Israel's 'immoral' Bank Hapoalim.
      By Arutz Sheva staff
      First Publish: 2/18/2014, 2:13 PM

      Deutsche Bank buildings
      Deutsche Bank buildings
      Thinkstock

      Germany's largest bank, Deutsche Bank, is offering investors an investment route that leaves Israel's Bank Hapoalim out of the portfolio, according to Walla News.

      Yisrael Hayom picked up the story and checked it. It wrote Tuesday that the investment is an Exchange Traded Note, or ETN – one of hundreds that the bank offers its investors. The ETN in question follows an index of “moral” stocks, which is put together by Morgan Stanley Bank. It invests in firms seen as “ethical” and avoids those seen as “unethical.”

      However, the list of stovsd was not assembled by the bank itself, but by a research unit from Denmark. Deutsche Bank reportedly “continues to invest in Israel, as it always has.”

      In 2010, two pro-Palestinian groups in Germany claimed to have pressured Deutsche Bank into selling its shares in Israeli defense technology firm Elbit Systems.

      German media and Reuters reported that Deutsche Bank announced the move at its annual stockholder meeting last Thursday, but the bank subsequently denied ever owning any Elbit shares on its own account, saying they were held on behalf of clients only.

      In 2010, two anti-Israeli groups in Germany said they had pressured Deutsche Bank into selling its shares in Israeli firm Elbit Systems, which provides equipment and technology for the Judea and Samaria security barrier.

      German media and Reuters reported that Deutsche Bank announced the move at its annual stockholder meeting last Thursday, but the bank subsequently denied ever owning any Elbit shares on its own account, saying they were held on behalf of clients only.