Skip to content
Subscriber Only

Australia Fund Dumps Cluster Bomb, Mine Makers on Treaty

Australia’s sovereign wealth fund dumped holdings in mine and cluster bomb makers as the nation prepares to ratify a treaty banning the weapons.

The Future Fund, which has A$74.6 billion ($81.7 billion) in assets, this year excluded 10 companies involved in making munitions from its investments, including selling two of its three biggest defense holdings in Lockheed Martin Corp. and General Dynamics Corp., Will Hetherton, a fund spokesman, said in e-mailed comments.