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Calls to the fall in investment in tobacco

The Victorian government is investing more than $ 100 million in tobacco companies, despite efforts to reduce smoking in the community. The state government’s investment management organization, the Victorian Funds Management Corporation, talks about his investment assets worth $ 37.9 billion, which is 0.3 percent of the tobacco industry. It brings tobacco investment of about $ 117 million – the selection is almost four times the New South Wales Government in the amount of $ 30 million. The VFMC manages investments for public sector organizations, including insurance companies and pension funds. The company’s clients include the Ministry of Health, the Commission accident, the Victorian Managed Insurance Authority, work safe, Royal Children’s Hospital and the University of Melbourne. The head of client services for corporations, Malcolm Ashbolt, said that although he had decided to stop … Read entire article »

Filed under: Tobacco laws, Tobacco news