World's top insurer ditches $2B tobacco investment

Posted online May 23, 2016 | 11:44 am

The world's largest insurer is dropping $2 billion worth of tobacco assets.

AXA plans to immediately sell $250 million worth of stocks in tobacco companies.

Citing an inability to continue investing in an industry that kills 6 million people a year, the French insurer plans to stop buying bonds issued by tobacco companies.

Read more from CNNMoney.

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