December 08, 2021 9:30 AM
HONG KONG (BLOOMBERG) – AIA Group has sold off almost US $10 billion ($13.6 billion) of investments in coal mining and coal-fired power businesses as pressure grows on financial firms to cut ties with the sector. The insurer completed the entire sale of directly-managed equity and fixed income portfolios in October, seven years ahead of its original target, according to a statement.
