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Sovereign Wealth Funds Briefing - Categorized | Ethical/Green Investments

Future Fund’s tobacco stake lights up a storm

Posted on 24 May 2012

The Future Fund’s stake in the tobacco industry has swelled by $78 million, an increase of more than 50 per cent, sparking criticism of the fund for investing in companies that are suing the government.
The taxpayer-owned fund, which also has shares in nuclear arms companies, yesterday disclosed tobacco shares worth $225 million in February, up from $147 million at the end of 2010………………………………………..Full Article: Source


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