16.08.2011 - Australia's Future Fund cuts holding in Telstra to 0.8 pct
Australia's Future Fund, which helps Australian governments meet pension liabilities for public servants, said Monday it had reduced its holding in telecommunications giant Telstra Corp. (TLS) to 0.8% of the company as part of a rebalancing of its portfolio. "Completion of the rebalancing meets the Board's long-stated objective of reducing its Telstra holding in an orderly manner over the medium term," the Fund, which has 75.2 billion Australian dollars (US$78.3 billion) in assets, said in a statement..............................................Full Article: Source
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