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Sovereign Wealth Funds Briefing - Categorized | Ethical/Green Investments

Greens slam Future Fund over big tobacco

Posted on 13 February 2013

A Labor backbencher says he would like the Future Fund to make more moral investments, but understands it’s not a perfect world. The Australian Greens have again raised concerns about the Future Fund investing in tobacco companies.
The government-owned fund, run by an independent board, has investments of $221 million in 15 tobacco companies, a Senate Estimates hearing was told on Tuesday. It last purchased tobacco stock in May 2012 in the Czech Republic division of Philip Morris………………………………………..Full Article: Source


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