New York, March 14, 2022
We are shocked and deeply saddened by the events unfolding in Ukraine. Our thoughts are with the Ukrainian people, with hope for a swift and peaceful resolution to this conflict.
In response, New York Life Investments has halted purchases of all Russian securities. We continue to monitor sanctions on Russia as well as any state and local laws, and will take additional steps required to comply.
New York Life has also joined in the growing global support for Ukraine, having made a $300,000 corporate grant donation and launched an employee matching gift program for non-profit disaster response organizations addressing the Ukrainian humanitarian crisis.
In these turbulent times, our focus remains on supporting our clients, with our experienced investment professionals providing timely insights and perspectives to help clients navigate this period of market volatility and uncertainty while maintaining continued investment discipline in the portfolios managed for them.
It is at times like these that we are guided by our longstanding commitment to integrity and humanity, doing what is right for our clients, our employees, and our communities to help build a better future. As this conflict unfolds, we will remain steadfast in our commitment to supporting our clients, relief efforts and our team members and their families around the globe.