|
Delayed
Other stock markets
|
5-day change | 1st Jan Change | ||
| 25.68 AUD | -1.97% |
|
+0.69% | +12.12% |
| Apr. 23 | AB Foods lifts outlook as interim profit soars | AN |
| Apr. 23 | Australian shares follow Wall Street higher, miners limit gains | RE |
An Australian bond fund has started to divest Westpac bonds following allegations by the country's financial crime regulator of money laundering compliance breaches, some of which related to financing child exploitation.
Bill Bovingdon, chief investment officer of Altius Asset Management, which manages over A$2 billion ($1.36 billion), told Reuters its fund had downgraded the environmental, social and governance component of its credit risk score of Australia's second-largest lender to "high" from "moderate".
"As a consequence of this change we have commenced an orderly divestment of our Westpac Senior secured debt holdings," Bovingdon said.
By Paulina Duran
| 1st Jan change | Capi. | |
|---|---|---|
| +12.12% | 59.08B | |
| +12.59% | 298B | |
| +9.42% | 251B | |
| +21.76% | 210B | |
| +17.45% | 173B | |
| +7.31% | 163B | |
| +4.15% | 154B | |
| -11.41% | 138B | |
| -0.39% | 138B | |
| +0.90% | 125B |
WESTPAC BANKING CORPORATION 
