Video: why Nest has chosen to eliminate tobacco from its portfolios
Mark Fawcett, chief investment officer at Nest, explains that over the past decade governments have been putting increased pressure on tobacco companies, which is leading to a long-term decline in sales and a fall in profits.
“We believe as a result of this, it’s the right time for our portfolios to go tobacco-free,” says Fawcett.
“Tobacco companies used to be viewed as safe investments with very strong cash flows. We now view them as increasingly risky.”
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