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AAP

Business

Duncan Murray

Investment giant fined for greenwashing

Vanguard ASIC Tobacco

Vanguard Australia has been fined for "greenwashing" investments meant to exclude cigarette sales. (Lukas Coch/AAP PHOTOS) (AAP)

Investment giant Vanguard Australia has been fined for "greenwashing" over investments meant to exclude cigarette and tobacco sales.

Official outlines of three Vanguard International Shares Select Exclusions Index Funds claimed they excluded investment in companies involved in significant tobacco sales.

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