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Sovereign Wealth Funds Briefing - Categorized | Ethical/Green Investments

Super fund quits tobacco companies

Posted on 20 July 2012

Superannuation Fund First State Super has wiped from its investment portfolios all companies involved in the manufacture of tobacco products, in a move welcomed by cancer specialists.
Chief executive Michael Dwyer said the decision to exclude the cigarette and tobacco companies from its entire investment portfolio followed strong feedback from the health industry, which represents about 40 per cent of the fund’s 770,000 members………………………………………..Full Article: Source


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