As required by a motion passed by YUFA members at the Special General Membership Meeting on November 19, 2024, YUFA is in the process of divesting from pooled investment funds that hold shares in arms manufacturers and from banks that contribute to military escalation. YUFA has now specifically identified Scotiabank in this regard. Our process involves moving YUFA’s investments to alternative options when they come due and transitioning management of our investments from Scotiabank to another financial institution.
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