A statement on Russia’s invasion of Ukraine

During these tragic times, our sympathy lies with the people of Ukraine in their struggle to maintain their freedom.

As responsible investors, Pendal Group and its affiliates J O Hambro Capital Management, TSW (Thompson, Siegel & Walmsley) and Regnan have taken decisive steps to reduce our already minimal exposure to Russian securities.

We are limiting direct risk in client portfolios and taking decisive steps to comply with evolving sanctions and restrictions.

We will refrain from investing in Russian and Belarusian securities for the foreseeable future.

The situation is evolving rapidly and we continue to monitor the emerging risks, which may take an unexpected form as the consequences ripple through the financial and economic systems.

As active managers, our purpose is to navigate our clients through a world in flux to protect their interests during uncertain times.