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NZ govt investment funds to dump Russian assets

Jacques Steenkamp
Thu, 03 Mar 2022

NZ govt investment funds to dump Russian assets
NZ govt's major investment funds move against Russian govt and its state owned enterprise (Image: Getty)
Jacques Steenkamp
Thu, 03 Mar 2022
While the New Zealand government mulls over introducing new legislation to allow for harder sanctions against Russia for its invasion of Ukraine, four large state-owned NZ investment funds will be dumping their Russian assets "as market conditions permit".The NZ Super Fund (NZSF), Accident Compensation Corporation (ACC), Government Superannuation Fund (GSF) and National Provident Fund (NPF) said they would be excluding “sovereign debt and the securities of the majority of Russian state-owned enterprises from their respective fun...

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