HOOPP is deeply troubled by Russia’s invasion of Ukraine and its implications for global stability. This humanitarian crisis is having a tragic impact on millions of lives. As a pension provider to healthcare workers, we are especially heartbroken to hear of reported attacks on civilian targets such as hospitals.

In response, we are joining other investors in putting an exclusion on Russian investments for the time being. HOOPP has no direct exposure to Russian assets and this was the case even before the current crisis.

HOOPP does not generally discuss our holdings but we felt it was important to share this information. We stand in solidarity with the global community in taking what action we can in response to this crisis.