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Sovereign Wealth Funds Briefing - Categorized | Asset Allocation, Financials, Market

Future Fund sells $302mln of Telstra shares

Posted on 21 October 2010

From Investordaily.com: The Future Fund has sold $302 million worth of Telstra shares at an average price of $2.66. The sale of 113.6 million shares in Australia’s largest telecommunications company was conducted between 29 September and 19 October, the Future Fund said.
The Future Fund said the reduction was part of the sovereign wealth fund’s long-stated objective of rebalancing the portfolio by reducing its holding in Telstra in an orderly manner in the medium term……………………………………….Full Article: Source

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