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

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Future Fund,Weapons Manufacturers,War-Related Companies

The Future Fund, which has been managing investments on behalf of Australians since its inception, now holds over half a billion dollars in shares of weapons manufacturers and war-related companies. This raises ethical and political concerns, especially following a Freedom of Information request.

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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