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The reason is unrelated to any views individuals at the firm may have on the profitability of coal. They will not be marked on performance, that is the whole p
by Ntrails 7y ago
The reason is unrelated to any views individuals at the firm may have on the profitability of coal. They will not be marked on performance, that is the whole point of passive indexing. You _are_ the benchmark, no judgement required.
- Al-Khwarizmi 7y agoIt's not only passive funds. From the article: "The announcement by BlackRock, the world’s largest fund manager, that it will dump more than half a billion dollars in thermal coal shares from all of its actively managed portfolios".
- Ntrails 7y agoI was responding based on the Matt Levine quotes (GPs) rather than the article. But accede entirely