Move by AustralianSuper, which has Russian holdings worth $175m-$180m, follows calls by treasurer for funds to ditch investmentsGet our free news app; get our morning email briefingFollow our Australia news live blog for the latest updatesFollow the Ukraine live blogAustralia’s biggest superannuation fund, the $260bn AustralianSuper, has committed to divesting its Russian assets, after the treasurer, Josh Frydenberg, called for Australian funds to ditch Russian investments.The fund said that it had already begun selling Russian stocks, and since June last year had reduced its holdings to between $175m and $180m. Continue reading…
Move by AustralianSuper, which has Russian holdings worth $175m-$180m, follows calls by treasurer for funds to ditch investments
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Australia’s biggest superannuation fund, the $260bn AustralianSuper, has committed to divesting its Russian assets, after the treasurer, Josh Frydenberg, called for Australian funds to ditch Russian investments.
The fund said that it had already begun selling Russian stocks, and since June last year had reduced its holdings to between $175m and $180m.