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Sovereign Wealth Funds Briefing - Categorized | Ethical/Green Investments

Future Fund back in the firing line

Posted on 16 October 2012

The taxpayer-owned Future Fund invested more than $37 million in tobacco company stocks at the same time as the government was finalising the world’s first plain-packaging laws for tobacco products.
The fund’s stake in global tobacco companies has risen by almost 50 per cent in recent years to $210 million at the end of June, angering health groups. Until now, the fund has not said if it has been actively buying more stock, or if the shares have risen in value. Tobacco company shares have performed strongly recently………………………………………..Full Article: Source

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