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Sovereign Wealth Funds Briefing - Categorized | Ethical/Green Investments

Future Fund sees no conflict in tobacco investment

Posted on 26 May 2011

The Future Fund sees nothing wrong with investing in tobacco companies despite the ongoing stoush over plain packaging. It was responding to a Senate estimates hearing query on whether the government’s plan to introduce plain packaging for cigarettes would influence the fund’s decision to invest in tobacco stocks.
“We don’t believe the manufacturers are doing anything illegal in Australia, so there is no consideration in terms of whether we should exclude tobacco,” Mr Neal said……………………………………….Full Article: Source

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