Australia's biggest pension funds cut China exposure
Автор: Kalkine Media
Загружено: 2023-03-30
Просмотров: 195
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Two of Australia's largest pension funds pulled money out of Chinese stocks and boosted positions in the country's fossil fuel sector in the final six months of 2022, according to filings published on Thursday. The value of China and Hong Kong listed equities at AustralianSuper and Aware Super, which collectively manage about $400 billion, fell by about a quarter respectively, according to mandatory portfolio disclosures published on fund websites and analysed by Reuters. Total share counts also fell.
Both funds collectively increased their shareholdings in Woodside Energy Group, Australia's largest independent natural gas producer, by roughly 14 million shares.
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