The page below is also from Banktrack. The content speaks for itself, but merits a visit. Australia is conspicuous by its absence from the Hall of Fame.

http://www.banktrack.org/show/dodgydeals/cluster_munitions_producers

investment funds
Merrill Lynch
General corporate finance: Textron - April 2006

For a direct and more elaborate overview of the investors in clustermunition see the report: Worldwide investments in cluster munitions producers; A shared responsibility, by Netwerk Vlaanderen & IKV PAX Christi - Updated April 2010:

Download Full Report
http://www.banktrack.org/download/update_april_2010_worldwide_investments_in_cluster_munitions_a_shared_responsibility_/2010_april_update_cluster_munitions_report.pdf

Download Hall of Shame
http://www.banktrack.org/download/summary_table_hall_of_shame_/summary_table_hall_of_shame.pdf

Download Hall of Fame and Runners Up
http://www.banktrack.org/download/summary_table_hall_of_fame_and_runners_up_/summary_table_hall_of_fame_en_runners_up.pdf

"what must happen
Financial institutions should develop policies that exclude all financial links with companies involved in producing cluster munitions. Because any investment facilitates production, no exceptions should be made for third-party financial services, for funds that follow an index or for civilian project financing for a company also involved in cluster munitions. Policies should not be narrowed to refusing project financing for cluster munitions.

Financial institutions should apply their disinvestment policy to all activities: commercial banking, investment banking and asset management."

Thanks for this article Michelle. I find it astonishing that this is not front page news. ANZ is one of the big banks in Australia yet it is literally getting away with murder. I will spread this far and wide. Well done to the Uniting Church JIM unit for exposing this.