“The bulk of Vanguard’s $7tn assets is held in passive tracker funds which allocate money based on the market value of each company in broad financial indices.

“The bulk of Vanguard’s $7tn assets is held in passive tracker funds which allocate money based on the market value of each company in broad financial indices. This makes Vanguard a permanent shareholder in almost every listed company globally but it does not have the discretion to sell positions that have weak environmental credentials, unlike an active manager that aims to pick winning stocks.” Exactly what I thought when I saw the title, it’s due to their index funds.