Future Fund Invests Over Half a Billion in Weapons Manufacturers and War-Related Companies

The Future Fund, with an initial investment of $60.5 billion from the federal government, now holds more than half a billion dollars in shares of weapons manufacturers and war-related companies. Since its inception, the fund has grown to a total of $169.2 billion through investments in global stocks, bonds, property, infrastructure, and financial derivatives.

A Freedom of Information request from Greens senator David Shoebridge revealed that the Future Fund's holdings in 30 'defence companies' (mainly global weapons manufacturers and aerospace companies) totalled $604.5 million as of October 2023. This has led to accusations of politicisation and ethical concerns surrounding the fund's investments

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Australia's Future Fund Faces Political Backlash Over Investment DecisionsAustralia's Future Fund, a sovereign wealth fund worth $230 billion, is facing criticism from former government officials for investing in companies that Norway's sovereign wealth fund has excluded. The debate highlights the tension between the fund's stated independence and the political implications of its investment choices.
Fuente: abcnews - 🏆 5. / 83 Leer más »