Illinois Treasurer Michael Frerichs recently announced his office is investing $10 million in investments in Israel bonds. Frerichs says the bonds provide a stable, secure way for Illinois to grow it's funds, and diversify it's investment portfolio.
Frerichs appeared as a guest on the Newstalk WTIM Morning Show and provided more details on the bonds, and why Illinois invested money in them.
Part of the goal with the investment is to diversify the state's investment portfolio. Frerichs says this helps ensure Illinois isn't left high and dry if the stock market takes a downturn.
With the additional investment, Illinois now invests a total of $50 Million in Israel Bonds.