Future Fund Divest From Genocide

SAVE THE DATE! THE ELBIT OUT OF VICTORIA CAMPAIGN IS HOLDING AN AFTER-WORK RALLY IN NAARM/MELBOURNE CBD (COLLINS ST) ON THURSDAY, 26TH JUNE 2025

‘Future Fund Divest from Genocide’ is one of the key demands and targets of the Elbit Out Of Victoria campaign focused on building power to resist the investment of public wealth in the global arms trade and increasing militarisation of our communities. Future Fund is the Australian state’s ‘sovereign’ wealth fund, which invests in weapons companies that arm Israel including Elbit Systems.

  • Future Fund was established by settler-colonial Australia through the Howard Government in 2006. As the nation-state’s single-largest financial asset, it currently manages $300 billion on behalf of the Federal Government. Its mandate is to generate long-term financial returns by investing in various ‘assets’, including international corporations. 

    Future Fund effectively channels public wealth (including your taxes) into global capital markets, with little transparency and accountability regarding its investment choices.

  • The Australian state’s ‘sovereign’ wealth fund - Future Fund - invests in weapons companies arming Israel to murder tens of thousands of people in Gaza and the West Bank.

    Elbit Systems - Israel’s largest privately-owned arms company - is the fastest-growing company on the list of companies Future Fund invests in.

    As per the fund’s 6-monthly Periodic Investment Reports, since the Israeli state’s most recent escalation of genocide in Palestine in October 2023, the total value of Future Fund shareholdings in Elbit System has increased disproportionately:

    • $488,768 (as at 10/10/23)

    • $1,330,675 (as at 30/06/24)

    • $2,687,712 (as at 31/12/24)

    These disproportionate increases equate to:

    • 449.90% increase in less than 15-months

    • 172.25% increase in less than 9-months

    • 101.98% increase in 6-months

    These figures show the Federal Government’s ‘sovereign’ wealth fund uses taxpayer money to invest in the profits of genocide. Elbit Systems’ exponential growth in share price value since October 2023 is tied to the profits it has made from supplying up to 85% of the Israeli Defence Forces (IDF) land-based equipment and 85% of its drones. This equipment is used by the IDF in its genocidal military offensive in Gaza.

  • SAVE THE DATE! The Elbit Out of Victoria campaign is holding an after-work rally in the Naarm/Melbourne CBD (Collins St) on Thursday, 26th June 2025.

    We demand the Labor Government call on the Commonwealth-owned ‘sovereign’ wealth fund - Future Fund - to immediately divest from companies that profit from war and genocide. 

Our campaign group has open organising meetings regularly. All are welcome.

Check our Instagram for upcoming dates.