$59 Billion Australia Pension Reviews Investments as Israel-Linked Firms Face Pressure [Financial Post (Toronto, Ontario, Canada)]
Lockheed Martin Corporation (LMT)
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Source: Financial Post
Author of the article: You can save this article by registering for free here . Or sign-in if you have an account. (Bloomberg) — Cbus, one of Australia's largest pension funds, is reviewing its investment policy following pressure from a major union to divest shares in companies that supply weapons and defense technology to Israel. The fund, which oversees A$90 billion ($59 billion) of assets, is assessing its policy amid “community concern over the conflict and loss of life in Gaza and Israel”, a spokesman said in a statement. The fund already excludes direct investments in some weapons manufacturers. Article content Article content “Cbus's exclusions framework is currently under review to ensure it remains reflective of the current environment and responsive to our members' concerns, while also ensuring we meet all of our regulatory obligations,” the spokesman said, without naming any investments. The review was first reported by The Guardian earlier Friday, which ref
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