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Rating:Fido Funds Give Thumbs Down to Genocide Referendum Not Rated 5.0 Email Routing List Email & Route  Print Print
Thursday, March 20, 2008

Fido Funds Give Thumbs Down to Genocide Referendum

by: Erin Kello

The Wall Street Journal outsourced Thursday's Fund Track, which tackled the Fidelity shareholders' referendum on Darfur, to the AP. The wire service reported that the majority shareholder vote needed to block genocide-related investments in Fidelity's Select Health Care Portfolio and Capital and Income Fund was not obtained. Members of the Boston-based Investors Against Genocide group, which had pushed for the vote in the first place were not deterred by the initial failure. Eric Cohen, the group's chairman told the AP, "We got much more support than we expected, and feel it was more successful than in our wildest hopes." The activist group has plans to continue to pressing for more of the genocide linked votes at other Fidelity funds.  

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