Super funds drop Russian assets
Australian superannuation funds are dropping Russian assets in response to its invasion of Ukraine amid escalating global sanctions against Russia.
Source: financialstandard.com.au
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Australian Retirement Trust joins other super funds in divesting from Russia
The $230bn fund with 2 million members says it instructed investment managers ‘earlier this week’ to sell Russian shares
Source: theguardian.com
Mega fund dumps $130m of Russian assets as Frydenberg urges divestment
Treasurer Josh Frydenberg said the government had a ‘strong expectation’ that superannuation funds take steps to dump their Russian assets.
Source: afr.com
Super funds seek prompt exit from Russian assets
Superannuation funds have been told they will not face regulatory action if they seek to divest Russian assets, although the closure of the Russian stock market is making it difficult for them to exit assets quickly.
Source: moneymanagement.com.au
10 things you need to know this morning in Australia
This is Business Insider Australia's morning newsletter for Friday, March 4.
Source: businessinsider.com.au