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Indiana State Treasurer Daniel Elliott invests $5 million more in Israeli bonds

By Brandon Smith

Posted May 1, 2024

Indiana State Treasurer Daniel Elliott invested $35 million in Israeli bonds in November 2023 before announcing an additional $5 million bond purchase in May 2024. (Brandon Smith/IPB News)

Indiana State Treasurer Daniel Elliott announced Wednesday he’s investing more state dollars in Israeli bonds.

The new $5 million investment follows a $35 million purchase Elliott made last November. That brings the state’s total investment in the state of Israel up to $110 million.

Critics of the move last year said it amounted to support of the genocide of Palestinians. Those cries have only grown louder in recent months. And protests on college campuses across the country in recent days — including, notably, at Indiana University — have called on universities to divest from Israel.

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In a statement, Elliott indicated this latest bond purchase is a reaction to that. He said he wants to “refocus and recommit to our most important ally.”

Brandon is our Statehouse bureau chief. Contact him at bsmith@ipbs.org or follow him on Twitter at @brandonjsmith5.