It would really be difficult for me to speculate on what each plan administrator is thinking about when they're looking at a specific investment, but I think an example of things that pension plan administrators may take into account are things such as friendshoring or human rights issues. When they're looking at the long-term best interests of their beneficiaries, they want to consider all things that may have a long-term impact on that investment. If certain countries or certain investments are looked at in a different light, politically I would think that would be part of their considerations.
On June 19th, 2023. See this statement in context.