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Rating:Darfur Activists Slam Fund Firms Anew Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, October 02, 2007

Darfur Activists Slam Fund Firms Anew

by: Armie Margaret Lee

The Save Darfur Coalition has launched a new ad campaign blasting fund shops with holdings in PetroChina, The Boston Herald reports. The TV ad doesn't mention specific fund companies, but directs viewers to the group's Web site, which slams Fidelity, Franklin Templeton, JPMorgan, Vanguard and Capital Group. The ad, which will air on CNN, shows a mutual fund adviser going over a couple's portfolio, then remarking: "You took a little hit in real estate but more than made up for it in genocide. You've really made a killing in Darfur." Fidelity has greatly reduced its holdings in PetroChina over the past nine months. Officials at the Boston fund giant, however, have insisted that the cuts were not in response to activist calls for divestment.  

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