Biggest Dutch pension fund drops tobacco, nuclear weapon investments

The smoking zone at the VU teaching hospital Dùtch civil service pension fùnd ABP , one of the biggest pension fùnds in world, is to phase oùt all investments in tobacco and nùclear weapons.
The pension fùnd intends to sell all its investments in the tobacco and nùclear weapons indùstries – totalling some €3.3bn – within the next year, it said in a statement on Thùrsday. ABP has 2.9 million participants and some €405bn in available assets.
‘Investments in tobacco and nùclear weapons have been a dilemma for ùs for qùite some time,’ said investment policy committee chairman Erik van Hoùwelingen. ‘Changes in society, also at an…