Why Nikko sold Facebook more than a year before Christchurch massacre

Tue, 26 Mar 2019

By Jenny Ruth March 26 (BusinessDesk) - As the international groundswell against Facebook’s live-streaming of the Christchurch killer’s video grows, Nikko Asset Management says its global equities team sold its stake in the social media platform more than a year ago for similar reputational issues. Johnny Russell, one of five leaders of Nikko’s global equities team, told an investment conference in Wellington on Monday that his team decided to sell their Facebook stake in late 2017 and early 2018 because they could see the significant iss...

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