PwC Have any other new joiners to PWC (non-audit position) been able to keep concentrated/sector-specific index funds when one of the securities is restricted?

I'm being asked to sell a sector-specific index fund whose restricted security is <20% of the holding. However, this security is also a sizeable portion of any S&P500 index fund; and the sector-specific fund weight is basically just 2x that of the S&P 500.

For a new joiner, is there any path to escalation/approval of the index fund?

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No. Unless your role changes to account for independence rules.

Thanks, wasn't sure if it was an automatic black/white rule or if there were shades of grey given that almost any broad market fund is heavily exposed to this particular security. I asked for clarification/exception, but I guess should be prepared to be told no, eat the cap gains tax, and look for a replacement etf.

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