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Sovereign Wealth Funds Briefing - Categorized | Financials, Market

Future Fund’s Telstra stake below 5pct, and it’s still selling

Posted on 25 March 2011

The Future Fund is expected to persist with its policy of selling down its Telstra stake after its holding finally dipped below 5 per cent yesterday, ending its status as a substantial shareholder five years after it inherited a $9 billion parcel from the federal government.
The fund yesterday advised it held just 4.99 per cent of the nation’s largest telco, having sold down from 5.75 per cent a month ago……………………………………….Full Article: Source


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