Investors Against
Genocide
Draw the line at
investing in genocide
We have lots of exciting news to report!
SEC GREENLIGHTS SHAREHOLDER PROPOSAL ON GENOCIDE-FREE INVESTING
On January 22, the SEC ruled against Fidelity’s request to exclude our shareholder proposal on genocide-free investing from their proxy statements. This victory sets the stage for proxy votes at shareholder meetings for hundreds of mutual funds to become genocide-free.
For the first time, shareholders of many mutual funds will have a voice in whether their savings are invested in genocide. Timothy Smith, Senior Vice President of Boston-based Walden Asset Management called the campaign “unprecedented” adding that “never before has the mutual fund industry been challenged through shareholder resolutions to dozens of mutual fund companies.” Click here to read more details on the proposal and the SEC decision.
SHAREHOLDER PROPOSAL CAMPAIGN ACCELERATES – WE NEED YOUR HELP
We believe that ordinary investors, once they learn the facts, will support genocide-free investing, but we need to get the word out and gain support from many shareholders. So far supporters have submitted proposals to 58 mutual funds, not only from Fidelity, but also from other major mutual fund companies. We’ll notify you when proxies are issued for these funds so that you can help spread the word. Now, we need supporters to file many additional shareholder proposals so we cover as many funds and mutual fund companies as possible.
If you own shares of mutual funds, please join this historic effort. Click here to learn how you can participate. We’ve made it easy to help.
ALLIANZ DIVESTS FROM PETROCHINA
Recently Allianz, the company that offers Allianz, NFJ, PIMCO and RCM mutual funds, sold all of its PetroChina holdings on the NY Stock Exchange. Allianz held the equivalent of 466 million H shares worth between $693 million and $885 million, depending on the actual sales date(s). Visit InvestorsAgainstGenocide.org for more details on Allianz. Allianz’s sell-off follows Berkshire Hathaway’s divestment of 2.3 billion H shares of PetroChina and Fidelity’s divestment of 449 million H shares. Our voices are being heard. The shareholder proposal campaign will increase public awareness, momentum and divestment pressure.
UPDATE ON CONGRESSIONAL BRIEFING
The Congressional Human Rights Caucus is working with us to schedule a briefing on genocide-free investing. It had to be postponed from the planned date in December. We will keep you posted as more information becomes available.
SPREAD THE WORD
Please forward this note to your friends. We need every supporter to help us find more supporters so our numbers become too large to ignore.
Thanks for your ongoing support for genocide-free investing.
The Investors Against Genocide Team
