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Australia Largest Pension Fund $60 Billion Cbus Reviews Investment Policy to Divest Shares in Companies that Supply Weapons & Defence Technology to Israel Including Existing Weapons Manufacturers Lockheed Martin & RTX, Australia Construction, Forestry, Maritime & Energy Union Raised Concerns to Cbus of Investing into Companies Involved in Middle East Conflict Between Israel & Gaza
16th May 2024 | Hong Kong
Australia largest pension fund $60 billion (A$90 million) Cbus is reviewing investment policy to divest shares in companies that supply weapons & defence technology to Israel including existing weapons manufacturers Lockheed Martin & RTX. The (Australia) Construction, Forestry, Maritime & Energy Union had raised concerns to Cbus of investing into companies involved in the Middle East conflict between Israel & Gaza. In 2023 June, Cbus announced a strong return of 9.49% for its Growth (MySuper) investment option over the 2023 calendar year, and 10 year average return of the Growth (MySuper) option to 7.60% per annum (as at 31 December 2023). Cbus is the leading Industry Super Fund representing those that help build and maintain Australia.
“ Australia Largest Pension Fund $60 Billion Cbus Reviews Investment Policy to Divest Shares in Companies that Supply Weapons & Defence Technology to Israel Including Existing Weapons Manufacturers Lockheed Martin & RTX, Australia Construction, Forestry, Maritime & Energy Union Raised Concerns to Cbus of Investing into Companies Involved in Middle East Conflict Between Israel & Gaza “
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Australia Largest Pension Fund $60 Billion Cbus Reviews Investment Policy to Divest Shares in Companies that Supply Weapons & Defence Technology to Israel Including Existing Weapons Manufacturers Lockheed Martin & RTX, Australia Construction, Forestry, Maritime & Energy Union Raised Concerns to Cbus of Investing into Companies Involved in Middle East Conflict Between Israel & Gaza
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