Super Fund tweaks portfolios to cut carbon exposure
Passive investments switched to track indexes aligned with climate goals, but Saudi bank holdings retained.
The Super Fund's passive portfolios will hold fewer stocks, although exposures to the Saudi oil industry remain.
The Super Fund has completed a rejig of its $25 billion passive investments to track indexes with closer alignment to the low carbon goals of the 2016 Paris agreement on climate change.
The fund’s passive investments, which cover about 40% of its overall portfolio, had previously tracked a bespoke
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