Thu, Apr 24, 2014
A A A
Welcome sandeep.kottawar@wns.com
RSS

Sovereign Wealth Funds Briefing - Categorized | Ethical/Green Investments

Future Fund invested millions in tobacco shares

Posted on 16 October 2012

Leading health groups are calling on the Future Fund to divest itself of tobacco company shares, amid revelations it invested tens of millions of dollars in the sector as the Government was introducing plain packaging laws for cigarettes.
Information provided to a Senate committee shows the fund invested $37.8 million in tobacco shares between December 2010 and February 2012 to top up its existing holdings. The extra investment contributed to a more than 50 per cent increase in the value of its tobacco shareholdings, taking the total to around $210 million as at June 30………………………………………..Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

 Article link

This post was written by:

VRS - who has written 13921 posts on Opalesque Sovereign Wealth Funds Briefing.


Contact the author

Comments are closed.

banner
banner
April 2014
M T W T F S S
« Mar    
 123456
78910111213
14151617181920
21222324252627
282930