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Newtown Dumps Russian Stocks: Results of Resident Survey

Newtown Dumps Russian Stocks: Results of Resident Survey | Newtown News of Interest | Scoop.it

On April 13, 2022, the Newtown Board of Supervisors unanimously voted to divest Twp pension funds of Aberdeen (ABEMX) holdings, which includes Russian & Chinese securities, and put 50% of the proceeds into a stock fund and 50% into a bond fund. Finally, we #StandWithUkraine!

 

To gauge the opinion of residents before the BOS votes, I hosted an online survey, which collected 76 responses. The survey asked simply: “Should Newtown Twp Pension Funds Divest Russian Stocks?”

 

The vast majority - 92% - of respondents were Newtown residents. Approximately 78% of respondents said “Yes, do it immediately & don't wait for ABEMX to act” whereas only 18% said “No, wait for ABEMX to get rid of its Russian holdings when it is able to do so.” The remaining 4% were not sure.

 

Read more, including comments from survey respondents…

 

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Newtown News of Interest
These Scoops are excerpts from articles published in local newspapers and other sources that may be of interest to Newtown area residents. Please click on the "From" link to access the full original article. Any opinions and "insights" appended to these article summaries are solely those of John Mack and do not represent the opinions of any other person or entity.
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