The Regents of the University of California
Regents President Academic Senate About UC News Office of the President Systemwide Home
 

UC Seal
About the Regents
Committees
Regents' Biograpies
Contact the Regents
Student Regent
Faculty Representatives
Staff Advisors
Meetings
Agentdas and Schedule
Approved Actions
Public Comment Policy
Bylaws
Standing Orders
Current Policies
Minutes
Officers of The Regents
Secretary and Chief of Staff
Chief Compliance and Audit Officer
General Counsel
Treasurer
Search Regents' Site
Regents' Home
Office of the Secretary of the Regents 1111 Franklin., 12th Floor Oakland, CA 94607 tel (510) 987-9220
   Please email questions
   or comments about the
   Regents' website to
   

    


POLICY TO EXCLUDE SECURITIES OF COMPANIES MANUFACTURING TOBACCO PRODUCTS FROM INDEX FUNDS AND TO CONTINUE EXISTING EXCLUSION FROM
ACTIVLY MANAGED FUNDS

Adopted January 18, 2001

(1) The Treasurer, using the standards established for the Russell 3000 Tobacco Free Index and the MSCI EAFE Tobacco Free Index, shall continue the current practice of not directly investing in tobacco products companies.

(2) The Russell 3000 Tobacco Free Index and the MSCI EAFE Tobacco Free Index, which exclude the stocks of tobacco products companies, be adopted as the index funds authorized by the Asset Allocation Plan.

(3) Should the Treasurer determine at any time that The Regents' investment objectives are compromised by this policy, a report describing the circumstances shall be prepared by the Treasurer with appropriate recommendations.