Protests everywhere!

Posted by: Lauren Young on March 28, 2006

The immigration protests across the country are grabbing lots of attention. But something you might not have heard about is a protest launched today by social investors.

More than 38,000 investors and consumers called on the nation’s three largest mutual fund companies—Vanguard, Fidelity and Capital Research—to focus their attention on the financial implications of global warming. These three fund families collectively manage more than $1 trillion in assets, according to a press release issued by several social groups.

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These fund companies are getting petitions and letters asking them to support global warming shareholder resolutions filed with U.S. companies. For a list of some of the shareholder resolutions filed during the 2005 proxy season, click here.

Do you think investors can vote with their pocketbooks to bring about environmental change?

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About

Bloomberg Businessweek’s Ben Steverman focuses on the latest moves in financial markets and emerging trends in stocks, bonds, and funds, always with an eye toward giving readers a better understanding of the sometimes confusing and often chaotic world of money. Standard & Poor’s senior index analyst Howard Silverblatt will also provide his take on companies’ finances and the markets. Voted one of the “Top 100 Finance Blogs” in 2007.

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