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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