The $230bn fund with 2 million members says it instructed investment managers ‘earlier this week’ to sell Russian sharesGet our free news app; get our morning email briefingFollow our Australia news live blog for the latest updatesFollow the Ukraine live blogAustralia’s second-biggest superannuation fund, the $230bn Australian Retirement Trust, has joined the wave of investors fleeing Russia after the invasion of Ukraine.The fund, which has about 2 million members and was formed on Monday through the merger of Sunsuper and QSuper, said it gave instructions to sell its Russian shares “earlier this week”.Sign up to receive an email with the top stories from Guardian Australia every morning Continue reading…
The $230bn fund with 2 million members says it instructed investment managers ‘earlier this week’ to sell Russian shares
- Get our free news app; get our morning email briefing
- Follow our Australia news live blog for the latest updates
- Follow the Ukraine live blog
Australia’s second-biggest superannuation fund, the $230bn Australian Retirement Trust, has joined the wave of investors fleeing Russia after the invasion of Ukraine.
The fund, which has about 2 million members and was formed on Monday through the merger of Sunsuper and QSuper, said it gave instructions to sell its Russian shares “earlier this week”.
Sign up to receive an email with the top stories from Guardian Australia every morning