POWERED BY MOMENTUM MEDIA
VicSuper a smoke free zone with new tobacco pledge
VicSuper is reaffirming its commitment to a tobacco-free investment portfolio for World No Tobacco Day, honouring its policy decision from 2013.
VicSuper joined forces with other global investors to sign a statement on tobacco which congratulated the World Health Organisation (WHO) for its control of the plant and the measures taken globally to lower tobacco consumption.
“VicSuper’s investment portfolio has been tobacco free since April 2013 when the VicSuper Board resolved to divest the fund of tobacco manufacturing stocks,” chief executive, Michael Dundon said.
“The board made this decision by weighing up the potential gains and risks for members, their superannuation holdings and the broader community, both now and in the long-term.”
VicSuper has also signalled its support of the Tobacco Free Portfolio initiative which aimed to inform, prioritise and advance tobacco-free investment portfolios across the globe.
AUTHOR
Hope William-Smith
Hope is a journalist with Super Review. She has previously worked across a range of business and lifestyle titles. Hope has a degree in International Relations and joined the Super Review team after completing a Masters in Law, Media and Journalism.
Recommended for you
Amid a challenging market environment, three super fund CIOs have warned against ‘jumping at shadows’.
AustralianSuper, Rest, and HESTA agree on the need to retain and enhance the test, yet they differ in their perspectives on the specific areas that warrant further refinement.
Australia’s second-largest super fund has confirmed it is expanding its presence in the UK following significant investment in the region.
A member of the super fund has approached ASIC to investigate potentially misleading or deceptive representations by UniSuper regarding the holdings of its sustainable portfolios.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Spire Oaktree Opportunities XI First Close USD
66.99 3 y p.a(%)
2
Hills International
63.66 3 y p.a(%)
3
Acadian Global Equity Long Short Class A
36.33 3 y p.a(%)
4
CFS FC Acadian Global Equity Long Short
35.96 3 y p.a(%)
5
DomaCom 4/27 Crombie Avenue Bundall QLD 4217 Australia
32.23 3 y p.a(%)
Add new comment