AustralianSuper divests more than $26m of shares in poker machine giant Aristocrat from socially aware option

AustralianSuper had been increasing its holdings in Aristocrat. On Friday it announced its socially aware option no longer held any shares in the poker machine giant. Photograph: John Greim/LightRocket/Getty Images

Australia’s largest superannuation fund has divested more than $26m of shares in poker machine giant Aristocrat from its “socially aware” option, after sustained criticism of its support for the gambling industry.

The decision was made after a review of investments to ensure the fund was meeting the expectations of its ethically minded members.