Swiss Federal Pension Fund excludes Russia from its market portfolio

The investment committee of the Swiss Federal Pension Fund PUBLICA has resolved not to purchase any further Russian securities and divest its existing holdings, Report informs, citing the fund's statement.

The fund notes that PUBLICA directly invested around CHF 170 million, less than 0.5 per cent of its total assets, in Russian securities. These holdings include shares in companies controlled by the Russian state and bonds denominated in US dollars and Russian roubles. At present, PUBLICA is not invested in any Ukrainian or Belarusian securities.