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Robeco confirms it will sell out of tobacco stocks

The Dutch asset manager will extend a ban on tobacco stocks, already in place across its sustainable funds, to mainstream products by the end of this year

Robeco confirms it will sell out of tobacco stocks

Dutch asset manager Robeco has confirmed it will exclude tobacco stocks from its mainstream funds, making it the latest major European fund house to dump the controversial investments.

Robeco, which manages €161bn in assets, told Financial News in February it was considering the move amid growing evidence that pension scheme members had concerns about investing in tobacco.

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