The issue of cluster munitions demonstrates how difficult it is for large institutional investors such as super funds to exclude armaments manufacturers, and how few people actually cared anyway. For example, although the $8 billion Health Super offers members four of nine options that are classed ‘socially responsible’, the fund still hires investment managers who provide other financial services to cluster munitions producers such as bank loans, and only $98 million – or 1.2 percent – is invested in these socially responsible options anyway. [+]
Australians unintentionally investing their superannuation in weapons
Appearance on The Wire, a national community radio program, to discuss the ways in which superannuation funds – in which the average Australian has around $50,000 – invest in weapons manufacturers.
