MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Friday, January 25, 2008 Activists Rack Up Initial Victory Against Fido Activists pushing for genocide-free investment policies will be able to bring their proposal before shareholders of Fidelity funds, the Associated Press reports. Back in November, Fidelity requested assurance from the SEC that the Boston fund firm wouldn't face enforcement action if the proposal came off the shareholder ballots. This week, the SEC said it doesn't agree with Fidelity's arguments that the proposal -- which would require fund boards to ask managers to weed out investments tied to human-rights violations and genocide -- didn't meet criteria to bring it before shareholders, according to the report. Other fund firms that received shareholders proposals penned by Investors Against Genocide include Barclays, Franklin Templeton, T. Rowe Price and Vanguard. Printed from: MFWire.com/story.asp?s=17229 Copyright 2008, InvestmentWires, Inc. All Rights Reserved |