Australia’s biggest superannuation fund commits to divesting Russian assets

Australia’s biggest superannuation fund, AustralianSuper, has committed to divesting its remaining Russian stocks following the invasion of Ukraine. Photograph: Mikhail Tereshchenko/TASS

Australia’s biggest superannuation fund, the $260bn AustralianSuper, has committed to divesting its Russian assets, after the treasurer, Josh Frydenberg, called for Australian funds to ditch Russian investments.

The fund said that it had already begun selling Russian stocks, and since June last year had reduced its holdings to between $175m and $180m.