In the wake of widespread outrage and protests about racial injustice, many people are looking at their stock portfolio and wondering: what can I do to support racial justice with my dollars?
The popularity of socially responsible investing has exploded in recent years. In early 2020, around 74% of global investors said they plan to increase their ESG allocation over the next year. In the first quarter of 2020, U.S., sustainable funds saw inflows of $10.5 billion, according to Morningstar — a more than 10-fold increase from the first quarter of 2010.
There are of course some broad principles, like how the company treats its workers — but these are often hard to quantify. For example, companies can get a high score for having anti-harassment policies in place, without tracking how well the policies are actually implemented. Meanwhile, some asset managers have decided to influence change from the inside. Neuberger Berman, which manages $330 billion, decided to use its shareholder status to drive governance and sustainability practices. In April 2020, the company announced that it would publicly disclose and explain the firm’s voting rationale and intentions at more than 25 key annual shareholder meetings.
The proposal did not end up passing, as it gathered about 30% shareholder support, according to a Neuberger Berman spokesperson.While there are currently no industry-wide standards around social impact, a few companies have launched niche products specifically targeted at race and equality.
....wait what How does stocks effect racial injustice? I’m confused
Is MarketWatch owned by CNN or something?
Lol.
😂
Market watch likes to watch their wife’s pounded by other men.. clearly... there’s a word for that but I can’t use it..
This is the most rediculous statement I've ever heard from you market watch
Buy Bitcoin
STFU
There’s no injustice in America, there’s just an oversupply of laws, lawyers, idiots who become police officers for the salary and benefits
Not concerned. My investments have one objective: To make money. Welcome to America. African-Americans who have 'made it' have exactly the same objective.
Garbage
MarketWatch is such a cluster fuck now
vomit-inducing. stop.
More bullshit.
Lmfao
Mmm yea nevermind
Looking to make sure your investments support racial justice? Best way to go is to buy stocks from companies that produce spray cans. Communists love their graffiti
Millennials/Gen Z will shape the new market going forward. It may start slow, but as more of them become wise to investing in their values instead of bickering about it on facebook, the faster this change will happen.
Bullshit article
How about concentrating on earnings and profits instead of a racial divide?
'How to build a portfolio that supports racial justice' is just code for 'How to build a portfolio that supports Chinese-Style Marxism/Communism' Invest in profitable companies, not 'woke' ones.
?
All companies are window dressing their values
Gtfo with this bs
Most of America is completely brainwashed They have no idea we're being led into not only a depression but into a MARXIST Revolution They will lose all they 'think' they own FYI: I'm expecting a 30% collapse in the market starting next week.the fireworks start after the 4th
I've been a NACP shareholder for a few weeks and love their dividend yield.
The purpose of investing is to make money. That's it.
I’m not going to get political here. Investing 101 is to put emotions aside. There are other places to express your beliefs.
Why Marketwatch..why? Are you no longer a trusted financial read? I’m following for markets. Hence the name marketwatch. Change your name if you are becoming something different. I don’t need to told about values when it comes to trading or investing.
Rioters and Looters ETF
You guys post alot of very dumb stuff. This is up there
No thank you you’ll be taking my money away soon enough
Btw
Take the tape off your mask then breathe
The best way for you to support radial justice is to send me money.. I’ll invest it directly into the community by placing it in between a strippers butt cheeks! ✊🏾
As long as I'll make a good return.
Any good suggestions for an investment portfolio which deliberately avoids any kind of pandering to CultOfWokeness commies?
What a great way to effect real change!
GTFOOH!
Lol
Yeah. Don’t invest in profitable, growing businesses, but rather concentrate on woke, Marxist, social justice portfolios... that makes sense... 🤣
Yeah, bad business but aligned. Let’s invest!
Yah the government already has a program for that it’s called welfare
You invest money to make a decent return, not support anarchists and other lowlifes!
Watch your follower count go down, I'm first. FFS is there no where I can go without reading this SJW shit, you're supposed to be a financial news site..
This is the stupidest god damn thing I’ve ever seen
JFC, investments should maximize profit while minimizing risk. Making money won't worsen racial justice but not making money will worsen your financial justice.
well well well! y’a hen I was screaming for this all last year you didn’t give two hoots.. but look at you guys now!
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Source: BusinessInsider - 🏆 729. / 51 Read more »