KEY POINTS:
The New Zealand Superannuation Fund has turned its back on investing in companies which make cluster bombs. This follows the signing in February of the draft of an internationally binding treaty banning the use of cluster munitions.
The exclusion of cluster munition manufacturing companies will be implemented when the Government signs the new treaty expected to be at an international meeting in Dublin in May.
At June 30 last year, the fund held about $26 million of investments in companies potentially involved in the manufacture of cluster munitions.
