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What is the recent hit on Vanguard I have seen going around? Aren't they mostly investing in indexs which would necessitate blindly buying stock in companies an
by hnburnsy 3y ago
What is the recent hit on Vanguard I have seen going around? Aren't they mostly investing in indexs which would necessitate blindly buying stock in companies and of course they do it on a massive scale due to their size? Is Vanguard in some way encouraging companies to do evil things?
- mitthrowaway2 3y ago> Is Vanguard in some way encouraging companies to do evil things? I wouldn't be surprised. They do wield a lot of corporate voting power on behalf of their index investors.
- zerbinxx 3y agoIt has to do with their investment in RE/RBMS as an asset class, outside of their usual purview of asset management in traditional securities (though Blackrock is much more known/hated/publicized for it)
- hnburnsy 3y agoThx still not understanding. Some Google Fu is telling me people aren't happy with Vanguard because they invest in fossil fuel industry and they don't vote enough for social based shareholder resolutions. Sorry but that is how passive investing works.