As international sanctions increase athletes from Russia and its close ally Belarus have been banned from competing in the Winter Paralympics in Beijing Internationally assets such as super yachts are being targeted.
In NZ the Superfund, ACC, the Government Superannuation Fund, and the National Provident Fund say they are divesting in line with the international response to Russia's invasion of Ukraine.
But the sell-off will be dictated by market conditions and how quickly they can sell.
The Superfund's chief executive, Matt Whineray, told RNZ business reporter Nicholas Pointon what the divestment would actually achieve.
