Responding to the Ukraine crisis
We are deeply concerned about the humanitarian crisis in Ukraine.
Royal London has donated £250,000 to the Red Cross Ukraine Crisis Appeal. The money raised through this appeal provides essential support, including food, water and first aid supplies, to those in desperate need.
Mike Adamson, Chief Executive of the British Red Cross:
"The Red Cross is responding to the unfolding crisis in Ukraine. People are losing their homes and lives; families are being separated, people are fleeing the country.
Donations will help us reach displaced people in Ukraine and those fleeing to neighbouring countries with food, water, medicine, medical equipment and other essentials. We are hugely grateful for this donation from Royal London."
Royal London Asset Management’s investment exposure to Russia
Royal London Asset Management recognises that the Ukraine invasion is a human tragedy. We have a responsibility to investors in our funds and are monitoring the situation closely, and of course are complying with all restrictions and sanctions issued by relevant authorities. Royal London Asset Management has no exposure to Russian companies in our active funds such as global equities, sterling credit, and sustainable funds. Total Russian exposure accounts for less than 0.1% of Royal London Asset Management’s total assets under management. We have subsequently sold every holding we are currently permitted to. We had very limited exposure in our equity tilt funds, having reduced Russian exposure on ESG concerns earlier this year. We have now sold all Russian exposure that we are permitted to.