The Missouri Local Government Employees Retirement System is closely monitoring the Russian government’s invasion of Ukraine and the impacts on the global markets, as well as the humanitarian crisis created by this conflict.
Effective immediately, LAGERS has instructed its investment managers to prohibit any new purchase of Russian or Belarusian securities. As each manager continues to evaluate and divest in line with their established investment processes, LAGERS’ holdings have decreased from $13.4 million on February 22, 2022 to $4.7 million as of March 2, 2022. This currently represents 0.05% of LAGERS’ $10.3 billion portfolio. LAGERS will continue to evaluate its remaining Russian exposure, and ensure full compliance with all U.S. government sanctions.
LAGERS is dedicated to delivering a premier retirement system for our state’s local government workforce, and will continue to monitor the crisis and take necessary steps to ensure our members, retirees, and beneficiaries can remain confident in a secure financial future. We join with the people of Missouri in hoping for a swift resolution to this crisis and peaceful future for the Ukrainian people.