Michigan to divest in Russian stocks for pensions

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Michigan to divest in Russian stocks for pensions

Posted About Five Years Ago by steve gove

A State Pension Board has announced it will divest from Russian stocks over the ongoing war in Ukraine.

The State of Michigan Investment Board passed a resolution ordering the state's pension systems to dump Russian assets. Under one percent of the $98 billion pension fund is invested in Russia, mostly index funds managed by outside firms.

The resolution comes after a request last week from the Governor.

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