BankTrack News
Belfius drops Food Speculation Fund
2013 |
BankTrack
2013 |
BankTrack
Belfius's response to the report by FairFin and others, "'The involvement of Belgian banks in food speculation", was to delete its fund Dexia Fund Commodities from its offer. The performance of this fund was linked to the performance of 24 commodities, and thus had a negative impact on the welfare of the population, mostly in poorer countries. Belfius has promised customers who invested in the fund that it will direct them to new funds that have no negative impact on the food. (FairFin)
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