NGS Super: Update on Fund exposure to Russia and Ukraine

NGS acknowledges that due to events in Ukraine, our members may have concerns about any Russian investments that we might hold.

In March 2022, sanctions came into force before the Fund could fully exit direct holdings in Russian and Ukrainian equities and bonds. As sanctions remain in place for both Russia and Ukraine, NGS is unable to take any further action. We continue to restrict direct investments in Russian and Ukraine equities and bonds. This is consistent with sanction regimes currently implemented under Australian sanction law¹.

We will assess the situation and make decisions that are in the members' best financial interest while adhering to legal requirements imposed by Australian law.

Important information

This information is current as at 19th December 2024 and, due to the evolving political situation, subject to frequent change. While we continue to restrict direct hold equity and bond investments in Russia and Ukraine, indirect exposures in these countries may occur through our investments in companies or funds that have exposure to or derive revenue from these regions.