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Sovereign Wealth Funds Briefing - Categorized | Ethical/Green Investments

Greens fume over Future Fund’s tobacco shares

Posted on 24 May 2012

The Future Fund’s shareholding in tobacco companies has soared to almost $250 million, despite Federal Government moves to discourage smoking. The value of tobacco company shares held by the Future Fund has increased by more than 50 per cent since the start of last year.
Mark Burgess from the Future Fund Management Agency has not been able to tell a Senate estimates hearing what is behind the increase. He says, however, that all investments are in line with the fund’s policies………………………………………..Full Article: Source


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