Kansas Liquidates Pension Investment Funds From U.S. Adversaries

This post is just a bit of follow-up and offers a glimpse at a very small fraction of local investment cash redirected  . . . Meanwhile the dividend earned mostly comes by way of political capital . . . Check-it:

"The bill, which passed earlier this year without the governor's signature and had large majorities in the House and Senate, directed state-managed funds to remove any investments held in China, Cuba, Iran, North Korea, Russia and Venezuela. Countries of concern are determined by the United States Department of State, though not all were singled out for disinvestment.

"Since the bill passed, the fund liquidated 12 securities from 10 companies subject to divestment. Total investments in countries of concern was $294 million, which is about 1% of the fund’s total investments."

Read more via www.TonysKansasCity.com link . . .

Kansas pensions divested $300 million from 'countries of concern'

Kansas liquidated about $300 million of Russian and Chinese securities from its pension fund at the legislature's direction, costing $635,000 in fees.