State Street Global Advisors Suspends the Purchase of Russian Securities
State Street Global Advisors has suspended the purchase of Russian securities in all portfolios for the foreseeable future.
Our overall exposure to Russian securities is less than 0.01% of our total assets under management,* which are primarily invested in portfolios tracking various equity and fixed income indices. We have been actively engaging with index providers to push for the removal of Russian securities from their indices, which many have announced will commence next week.
We will continue to manage portfolios in alignment with client objectives, and we are carefully considering ongoing market, regulatory and fiduciary duties as we navigate this evolving situation.
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