BlackRock and Vanguard are supposed to be the places where people can put their money into low-overhead index funds that more or less track the market. It's fi

BlackRock and Vanguard are supposed to be the places where people can put their money into low-overhead index funds that more or less track the market. It's fine if they want to create new products that exclude certain types of businesses, to give investors more choices. But what I don't like is them turning this gigantic pool of money into a spear to jab businesses with their pet political opinions. That's not the role investors entrust their money with them for - they're expected to be more of a passthrough type of management. They've previously done this same thing with gun manufacturers and retailers, who are doing very well, so you can't make the argument some in this thread are making with fossil fuels being a dead end compared to an alternative (renewables). So whose next on their woke chopping block? Monsanto for killing the bees? Boeing, Raytheon, et al for supporting the military? Facebook, Twitter, et al for the harmful effects of social media? All the software companies like GitHub that support ICE or the next distasteful federal agency? Like they did with guns, divestment in any company you don't like can be couched in deep concerns over "risk." I think there's a great opportunity here for someone to start a fund that gets back to the basics of passive index funds, instead of chasing woke asspats like the activist board of BlackRock and Vanguard. I'd certainly move my money.