Antinuclear

Australia’s Future Fund, and its investments in nuclear weapons

A Future Fund with a chequered past. news.com.au 8 March 12,   IT is yet to celebrate its sixth birthday, but Australia’s sovereign wealth fund, the Future Fund, has long attracted criticism….. Last year it emerged that the Future Fund had invested heavily in a string of companies that made parts for nuclear weapons. It defended its move on the grounds the investments did not contravene the nuclear non-proliferation treaty……. The Future Fund argues its strategy ensured a strong performance during the darkest days of the global financial crisis.

A spokesman said its focus was “on an appropriate mix of investment opportunities to achieve mandated returns with acceptable but not excessive risk”.  http://www.news.com.au/business/a-future-fund-with-a-chequered-past/story-e6frfm1i-1226292987866#ixzz1oYXYgjRb

March 8, 2012 - Posted by Christina Macpherson | AUSTRALIA - NATIONAL, politics