06.02.2013 - Future Fund mulling over tobacco investments
The Future Fund will soon decide whether it will keep investing in the tobacco industry, the managing director revealed at a portfolio update on Tuesday morning. The regular quarterly update showed the fundís investments returned 12.8 per cent in 2012, increasing the portfolio from $73 billion to $82.4 billion. This was one of the fundís best performances and a significant improvement after returning just 2.1 per cent in the twelve months to June 2012. It also boosted the average annual return since inception in May 2006 to 5.4 per cent...............................................Full Article: Source
Print