Monthly Archives: February 2010

American Funds Sells PetroChina Holdings

Published by Social Funds. by Robert Kropp The mutual fund family responds to the use of oil revenues to fund genocide in Darfur, following shareowner pressure led by Investors Against Genocide. SocialFunds.com — Advocates of genocide-free investing won another important victory this week, when American Funds, a family of mutual […]

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American Funds Sells PetroChina as Rights Group Claims Victory

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 […]

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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 […]

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