4 March 2022
On a personal level, the Fund and our people are deeply concerned for the citizens of Ukraine at this very difficult and distressing time.
We understand that the impacts of this terrible situation have concerned our members from an economic and Environmental, Social and Governance (ESG) standpoint. As at 28 February 2022, our portfolio includes approximately $18 million in Russian securities holdings, equivalent to less than 0.1% of the Fund’s portfolio. This proportion is below the market benchmark weight.
Like most funds, we use Investment Managers as independent decision-makers who manage specialist aspects of the Fund’s portfolio. Our managers and the Fund will continue to monitor the situation and make any decision regarding our holdings in our member’s best financial interest.
We encourage members who have any questions about their financial future to seek personalised advice from one of our experts.
Members can make use of the fund’s complimentary personal advice on a single topic related to their superannuation or a 30-minute Super Health Check, at no additional cost.
ESI Financial Services Pty Ltd (ESI Financial Services, ABN 93 101 428 782) (AFSL 224952) is a wholly owned entity of LGIAsuper. ESI Financial Services has engaged Industry Fund Services Limited (IFS) ABN 54 007 016 195 AFSL No 232514 to facilitate the provision of financial advice to members of LGIAsuper. LGIAsuper Financial Advisers are Authorised Representatives of IFS. In limited circumstances, a LGIAsuper Financial Adviser may also be an Authorised Representative of ESI Financial Services.
Additionally, LGIAsuper has also engaged Link Advice Pty Limited ABN 36 105 811 336, AFSL 258145 to provide LGIAsuper members with access to limited personal advice over the phone in respect to LGIAsuper and Energy Super products.