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When has Blackrock tanked a stock and where are the ESG changes? Ultimately the are fiduciary as an asset manager for their clients they can't decide to tank st
by Rastonbury 4y ago
When has Blackrock tanked a stock and where are the ESG changes? Ultimately the are fiduciary as an asset manager for their clients they can't decide to tank stocks for fun. A huge part of the holdings are in ETF which they can threaten to sell. Any deviation from typical huge fund manager behaviour when it come to governance is big finance news they hardly ever go against the grain. The biggest reason tho is that no one in Finance really gives a hoot about ESG, only returns
- vba616 4y ago>Any deviation from typical huge fund manager behaviour You make it sound extremely subjective, but Blackrock is (I think) mostly managing index funds, and it should be easy to quantify how well they track an index.
- Rastonbury 4y agoI'm talking about corporate governance stuff like AGM and voting. They own a so much of companies because of index funds, but when they do make noise it makes the headlines of finance news.