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The BT Sustainability Australian Shares Fund and the Anglican Church's investment fund in Australia, Glebe Asset Management, no longer view uranium as a "sin stock".

A leading Melbourne fund manager, who only spoke on condition of anonymity, said it was a remarkable coincidence that fund managers had decided uranium investments were no longer unethical when a must-have stock such as BHP Billiton had become a uranium miner. He said any portfolio without BHP Billiton and fellow uranium miner Rio Tinto would always have problems as the two made up 13 per cent of the market. A ban on uranium meant investors could not put their money into the hottest sector.

Source - The Age