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Guess which top 100 ASX stock this $139 billion superannuation fund ditched

Guess which top 100 ASX stock this $139 billion superannuation fund ditched


Published on 2024-12-06 01:31:41 - MSN
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  • UniSuper has ditched this popular retirement stock. The post Guess which top 100 ASX stock this $139 billion superannuation fund ditched appeared first on The Motley Fool Australia.

The article from MSN discusses how AustralianSuper, a $139 billion superannuation fund, has made significant changes to its investment portfolio by selling off its shares in Woodside Energy, one of Australia's largest oil and gas companies. This decision was part of a broader strategy to reduce exposure to fossil fuels, aligning with global trends towards sustainable investing. Instead, AustralianSuper has increased its investments in other ASX-listed companies, notably in the technology and renewable energy sectors, reflecting a shift towards more environmentally friendly investments. This move has sparked discussions on the balance between financial returns and environmental responsibility, especially given Woodside's significant role in the energy sector.

Read the Full MSN Article at:
[ https://www.msn.com/en-au/money/economy/guess-which-top-100-asx-stock-this-139-billion-superannuation-fund-ditched/ar-AA1vmgXp ]
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