04.05.2011 - Sovereign wealth fund gets shot of munitions companies
Australia'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 ($101.35 billion) in assets, this year sold out of 10 companies involved in making munitions, including two of its three biggest defence holdings in Lockheed Martin and General Dynamics Corp, Will Hetherton, a fund spokesman, said in emailed comments..............................................Full Article: Source
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