US - Tobacco investing has been thrown back into the spotlight, following reports that the California State Teachers' Retirement System (CalSTRS) is considering putting money back into the industry.
The US$169.2bn fund divested from tobacco stocks in 2000 because of concern about threats to the industry at the time, such as potential litigation. Sherry Reser, media relations manager, CalSTR...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here