Ethics ‘up in smoke’ as Macquarie fund wins Morningstar award

Perhaps the closest thing Australia has to a ‘sin fund’ has scooped the international equities category of the Morningstar Fund Manager of the Year Awards. The Macquarie Professional Series IFP Global Franchise Fund holds tobacco companies as its top three stocks – British American Tobacco (5.6 per cent), Imperial Tobacco (4.7 per cent) and Philip […]