The board that oversees Arizona’s three public universities ordered their presidents to sell any Russian investments they hold as quickly as possible because of the ongoing war it is waging against Ukraine.
told the board they have halted programs their schools have with universities in Russia and that their foundations are selling any Russian assets they hold.
There’s not much cash invested in Russia. The ASU Foundation has about $2.3 million in Russian assets, just .05% of its portfolio. NAU’s foundation has about 40% of its assets in non-U.S. stocks, but just .01% of those were in Russian firms. And UArizona’s foundation has $25 million in emerging market funds, of which 6% is invested in Russia.
Deputy state Treasurer Mark Swenson said the state’s investments are entirely in U.S. equities. TreasurerNorthern Arizona University, Arizona State University, and the University of Arizona.
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