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TIAA-CREF response to "The Boycott Debate is Back"

Contrary to a post by Josh Smilovitz and David Halperin on Friday (The Boycott Debate is Back), TIAA-CREF did not sell our holdings in Africa-Israel Investments Ltd. in response to an open letter in September from some academics who called on us to divest from the company.
TIAA-CREF has not owned shares in Africa-Israel since before June, when they were sold automatically after Africa-Israel fell out of an emerging markets index tracked by one of our accounts. (Had anyone called TIAA-CREF we would have told them the same.) It was a routine sale, but some news organizations, including Haaretz, misreported it as a political divestment.
We are not divesting from holdings in Israel, and continue to invest in companies there and around the world.
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