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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Australia’s wealth fund dumps cluster bomb, mine makers on weapons treaty

Posted on 03 May 2011

Wayne SwanAustralia’s sovereign wealth fund dumped holdings in mine and cluster bomb makers as the nation prepares to ratify a treaty banning the weapons.
The Future Fund, which has A$74.6 billion ($81.7 billion) in assets, this year sold out of 10 companies involved in making munitions, including two of its three biggest defense holdings in Lockheed Martin Corp. (LMT) and General Dynamics Corp. (GD), Will Hetherton, a fund spokesman, said in e-mailed comments……………………………………….Full Article: Source


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