Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Vanguard Draws Flak Over its PetroChina Stake Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, April 14, 2009

Vanguard Draws Flak Over its PetroChina Stake

by: Armie Margaret Lee

Investors Against Genocide, a Boston-based advocacy group, has accused Vanguard of misleading investors with its policy, Bloomberg reports.

The group noted that Vanguard hiked its holdings in PetroChina Co. in the three months ended January 31. On March 11, Vanguard officials said they started a policy in the previous six months to identify companies tied to human rights abuses.

"Ordinary investors would be misled into thinking Vanguard was taking appropriate action," Investors Against Genocide chairman Eric Cohen told Bloomberg.

The $6.41 billion Vanguard Emerging Markets Stock Index fund upped its stake in PetroChina from 149.6 million shares on October 31 to 155.7 million shares as of January 31.

Vanguard spokesman John Woerth said the fund firm will identify and monitor firms "whose direct involvement in crimes against humanity or patterns of egregious abuses of human rights would warrant engagement or potential divestment."

Woerth declined to comment specifically on PetroChina. 

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2025: Q3Q2Q1
2024: Q4Q3Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly


  1. 2025 MMI Women in Advisory Solutions Forum, Jul 15-16
  2. MFDF Director Discussion Series - Open Forum (Philadelphia), July 15
  3. MFDF webinar - M&A and Consolidation in Asset Management, July 16
  4. Nicsa webinar - How Trusted GenAI is Transforming Data Access in Asset Management, July 16
  5. WE Denver - Dinks & Drinks, July 17
  6. MFDF webinar - ETF Conversions, July 17
  7. MFDF Director Discussion Series - Open Forum (New York), July 22
  8. MFDF Ask Anything webinar - AI Edition, July 24
  9. MFDF webinar - Use of Derivatives by RICs, July 29
  10. MFDF Director Discussion Series - Open Forum (Columbus, Ohio), August 20
  11. Samfund Soiree Boston 2025, August 21
  12. MFDF webinar - The Audit Committee Chair's Guide to Balancing Duties and Emerging Issues, September 3
  13. ICI ETF Conference, Sep 8-10
  14. Nicsa webinar - Reimagining Reconciliation: AI, Regulation, and Capital Markets Transformation, September 10
  15. MFDF webinar - Series Trust Funds - Compliance and Board Reporting, September 10
  16. MFDF In Focus - Board Oversight of DEI in Current Landscape, September 11
  17. MFDF webinar - MFDF 15(c) White Paper Webinar Series: Part 4 – Enforcement Action Takeaways, September 16
  18. MFDF webinar - Latest in Closed-End Funds Litigations, September 23
  19. MFDF webinar - Fixed Income Insights: Navigating Market Trends & Opportunities, September 24
  20. MFDF webinar - Risk Management Essentials for RICs and Boards, September 29
  21. MFDF webinar - Diligent - Tools for Fund Board Book, October 1
  22. 10th annual Fuse Forum, October 8
  23. MFDF webinar - Essential Strategies in Board Oversight of Operational Risk Management, October 14
  24. 2025 MMI Annual Conference, Oct 15-17
  25. MFDF webinar - Series Trust Funds - Effective Board Relationships with Advisers, October 15
  26. MFDF In Focus webinar - Audit Committee Chair, November 5




©All rights reserved to InvestmentWires, Inc. 1997-2025
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use