- Purpose Investments (BTCC) has divested from all of its direct holdings of Russian companies
- The asset manager is taking the step to make a statement against war and Russia’s ongoing invasion of Ukraine
- Asset managers and pension funds representing approximately C$200B in assets have committed to divestitures through the Pledge to Divest from Russia
- Purpose Investments is an asset management company with approximately $14B under management
Purpose Investments (BTCC) has divested all of its direct holdings of Russian companies.
The company is taking the step in support of the Ukrainian people as they grapple with a Russian invasion, now in its second week.
It will also cease new Russian investments as long as the invasion persists.
Asset managers and pension funds representing approximately C$200B in assets have committed to divestitures through the Pledge to Divest from Russia. These include Wealthsimple, AGF Investments and Harvest Portfolios Group.
“Like so many Canadians, we have an undeniable urge to do all we can to support those who are suffering,” stated Som Seif, CEO and Founder of Purpose Investments. “We took a stance many years ago to embed ESG factors into all our investments portfolios, and believe there is no better test on a firm’s ESG principles than this.”
Purpose Investments is an asset management company with approximately $14B under management. It is a pioneer in cryptocurrency ETFs.