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Sovereign Wealth Funds Briefing - Categorized | Compliance/Regulation/Legal, Ethical/Green Investments

Future Fund to review tobacco investment

Posted on 25 October 2012

The Future Fund will follow the lead of superannuation funds including First State Super and reviewing its multi-million investments in tobacco companies. Mark Burgess, chief executive of the $80 billion fund announced the governance committee had agreed to consider removing some or all of the fund’s $219 million in tobacco investments from its portfolio.
A letter from Attorney-General Nicola Roxon urging the Future Fund not to invest in cigarette manufacturers is said to have played little or no role in the decision………………………………………..Full Article: Source


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