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Sovereign Wealth Funds Briefing - Categorized | Financials, Investment, Market

Telstra index weighting to rise after sovereign fund trims stake

Posted on 25 March 2011

Australia’s sovereign wealth fund has trimmed its stake in Telstra Corp to less than 5 percent, which will trigger an increase in the nation’s top phone company’s weighting in the benchmark S&P/ASX 200 index in June.
The $71 billion Future Fund said on Thursday it had sold down its holding on the market to 4.99 percent……………………………………….Full Article: Source

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