ARE YOUR SAVINGS TIED UP IN RUSSIAN INVESTMENTS – AND IF SO, WHAT SHOULD YOU DO?

Are your investments supporting Russia? That’s a question a lot of people are asking right now.

The answer is ‘probably not’ – unless you’ve consciously put money in a high-risk fund.

And even if you have, investment companies are getting rid of their limited Russian investments in a concerted effort by the financial community to respond to the Ukraine war.

Aviva said: ‘We believe Russia should be cut off from capital markets and any new investments in the country should be prohibited.’ Irish Life also pledged that it ‘will be fully

divesting of Russian holdings from our active sustainable portfolios where we have the investment discretion’. Index funds don’t allow investment discretion as they have to put your money into whatever selection of stock markets they are designed invest in.

Irish Life added: ‘We will look to sell out of any Russian exposure as soon as is practically possible for our clients in an orderly fashion as and when market conditions allow.’

Most European fund managers have said they are divesting from Russia.

If in doubt, ask yours what their policy is and act accordingly.