Hedge Funds

Cbus to divest tobacco stocks

Cbus is to divest holdings in companies that manufacture tobacco products after its board decided it was in the interest of members and their long-term investment returns. The decision was made on the basis that there is no safe level of use of tobacco products and that the current targeting by tobacco companies of young […]
FEAL Annual Conference

No negative impact from tobacco divestment

Divesting from tobacco has had a negligible impact on returns, the Fund Executives Association Limited annual conference heard in a speech from a leading anti-smoking campaigner. Dr Bronwyn King, radiation oncologist at the Peter MacCallum Cancer Centre and Epworth Healthcare, said the analysis carried out by some of the 10 large superannuation funds that had […]