25.10.2012 - Future Fund to review tobacco investment
The Future Fund will follow the lead of superannuation funds including First State Super and reviewing its multi-million investments in tobacco companies. Mark Burgess, chief executive of the $80 billion fund announced the governance committee had agreed to consider removing some or all of the fund's $219 million in tobacco investments from its portfolio. A letter from Attorney-General Nicola Roxon urging the Future Fund not to invest in cigarette manufacturers is said to have played little or no role in the decision...............................................Full Article: Source
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