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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