Funds are divesting holdings of companies in Sudan, and activists credit their campaign to persuade them to do so, Reuters reports. However, institutional investors and mutual funds still have billions of dollars invested in companies that do business in Sudan, or have ties to companies that do.
“The burgeoning Sudan divestment movement has already facilitated a response from companies operating in Sudan, institutional investors and mutual fund managers,” said Adam Sterling, director of the Sudan Divestment Task Force.
Foreign investors put $3.5 billion into the region in 2006, a 53% increase from 2005. In the first quarter of 2006, foreign investors poured $1.6 billion into the region, but that fell to $700 in each of the next three quarters.
According to some experts, 200,000 have been killed in Darfur and 2.5 million have been driven from their homes.
The staff of Money Management Executive ("MME") has prepared these capsule summaries based on reports published by the news sources to which they are attributed. Those news sources are not associated with MME, and have not prepared, sponsored, endorsed, or approved these summaries.