Published by Bloomberg. By Christopher Condon Feb. 17 (Bloomberg) — American Funds, the largest manager of stock mutual funds, sold most of its holdings in PetroChina Co. after pressure from rights groups over the oil-and-gas company’s investments in Sudan. Three of the firm’s funds sold 167.9 million Hong Kong- listed […]
Category Archives: Press
American Funds Sells PetroChina After Shareholder Meeting
Investors Against Genocide commends company for acting in the face of genocide Boston, MA – February 17, 2010 – Following a well-publicized shareholder vote on genocide-free investing on November 24, American Funds has now become the largest mutual fund company to divest its holdings in PetroChina. A recent posting on […]
TIAA-CREF Statement on Former Holdings in Companies with Ties to Sudan
Published by TIAA-CREF. New York, January 04, 2010 Last March TIAA-CREF announced plans to intensify pressure on five companies that maintain business relations with the government of Sudan to cease those relations or attempt to ease suffering and end genocide in Darfur. At that time, TIAA-CREF said it would seek […]
TIAA-Cref Divests From Four Genocide-Linked Companies
Published by Ignites. By Mariana Lemann TIAA-Cref yesterday announced its divestment from four companies with ties to genocide in Darfur, Sudan. The sale of all of its holdings, worth about $58 million as of the end of September, in four companies that maintain business relations with the government of Sudan […]
US pension group severs ties to Sudan
Published by Financial Times. By Francesco Guerrera in New York Published: January 4 2010 23:43 | Last updated: January 5 2010 19:56 TIAA-Cref has become the first large US asset manager to sell stakes in four Asian oil groups over concerns about human rights abuses in Sudan. The move will […]
Investors Against Genocide Commends TIAA-CREF Sale of Investments Tied to Genocide
Contrasts clear, public move by TIAA-CREF with Vanguard’s “toothless” human rights stance Boston, MA – January 4, 2010 – Demonstrating a clear commitment to genocide-free investing, TIAA-CREF announced today that it has sold all of its holdings, worth $58 million as of September 30, in four companies tied to the […]
TIAA-CREF Becomes the First Big Fund Firm to Divest From Sudan
Published by Mutual Fund Wire. By Patricia Kelly While Fidelity and Vanguard failed to step up to the plate, TIAA-CREF emerged as the first large U.S. fund firm to take up the banner of the anti-genocide investment cause, revealing on Monday that the firm sold stakes in four Asian oil […]
BGI Developing Genocide-Free ETF
Published by Ignites. By Luisa Beltran Barclays Global Investors is developing an exchange-traded fund that is genocide-free, representing a win for a Boston advocacy group that has been lobbying fund firms to divest their Sudan ties. BGI, the nation’s largest provider of ETFs, says it will rely on a reputable […]
