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.
Recommended for you
Governor Michele Bullock took a more hawkish stance on Tuesday, raising concerns over Donald Trump’s escalating tariffs, which sent economists in different directions with their predictions.
Equity Trustees has announced the appointment of Jocelyn Furlan to the Superannuation Limited (ETSL) and HTFS Nominees Pty Ltd (HTFS) boards, which have oversight of one of the companies’ fastest growing trustee services.
Following growing criticism of the superannuation industry’s influence on capital markets and its increasing exposure to private assets, as well as regulators’ concerns about potential risks to financial stability, ASFA has released new research pushing back on these narratives.
A US-based infrastructure specialist has welcomed the $93 billion fund as a cornerstone investor.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Global X GlobalX FANG+ ETF
33.51 3 y p.a(%)
2
Spire Oaktree Opportunities XI Second Close
32.68 3 y p.a(%)
3
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
31.62 3 y p.a(%)
4
Spire Oaktree Opportunities XI First Close USD
31.36 3 y p.a(%)
5
Fidante Credit Suisse Global Private Equity
29.60 3 y p.a(%)
