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Super Fund Blacklists Cluster Bomb Makers

The Government's New Zealand Superannuation fund has turned its back on investing in companies which make cluster bombs, the fund's guardians said today.

This follows the signing at a Wellington conference in February of the draft of an internationally binding treaty banning the use of cluster munitions.

The exclusion of cluster munition manufacturing companies will be implemented when the Government signs the new treaty expected to be at an international meeting in Dublin in May, the fund's guardians said.