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What? Why? They invest based on market cap for starters. Second, no fund managers call their unit holders to decide what to buy, the suggestion itself is ridicu
by lucisferre 3y ago
What? Why? They invest based on market cap for starters. Second, no fund managers call their unit holders to decide what to buy, the suggestion itself is ridiculous.
- silisili 3y agoOf course they don't, that's why it's equally ridiculous for them to say they don't have the power because it's not their money. These companies have far too much power. Regardless your feelings on ESG, Blackrock pretty much made every company in the US kowtow. That's too much power for any one company to have...