> I find very few things interesting that asset managers do, but I am going to look at all my passive investments and try to get them moved over. I bet passive

> I find very few things interesting that asset managers do, but I am going to look at all my passive investments and try to get them moved over. I bet passive funds without coal etc. will outperform while more and more people move money from vanilla S&P500 to S&P500 without coal. Isn't it exactly the opposite? If capital for oil becomes more expensive, it means the producers need to pay more for it. Thus being an investor on them is more profitable. I remember a long time ago reading an article on how Vice stocks do well precisely because of this effect, but I don't know if it resisted time. In the end, if oil stocks give a higher profit, then supposedly rational actors will compensate the objectors behavior by allocating more of their portfolio to oil, making the effect neutral, but more people exert their own preferences.