Investor Ubben warns more stocks vulnerable to social, environmental selling

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 56 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 26%
  • Publisher: 66%

Italia Notizia Notizia

Italia Ultime Notizie,Italia Notizie

Jeffrey Ubben, the former activist turned ethical investor, said on Tuesday that environmental, social and governance concerns will increasingly ...

Jeffrey Ubben, the former activist turned ethical investor, said on Tuesday that environmental, social and governance concerns will increasingly hit companies' stock prices, just as climate change hurt oil and gas companies' shares.

Ubben, who retired from the US$16 billion activist firm ValueAct Capital Management LP in June to start Inclusive Capital Partners LP, an ESG-focused fund manager, said stock prices of many large companies had yet to fully reflect the global problems to which they contributed, such as McDonald’s Corp on obesity and Coca-Cola Co on plastic waste, but that was beginning to change.

A spokesman for BlackRock declined to comment. The firm has seen some US$25 billion flow into its ESG ETFs this year, double the amount in 2019, according to its earnings report Tuesday. CEO Larry Fink said in a January letter to company chief executives that BlackRock was expanding its suite of ESG products because it wanted to"make sustainable investing more accessible to all investors.

Ubben said Inclusive, which managed US$1.3 billion as of July and is backed by Affiliated Managers Group , would look for investments in growth companies with strong potential for ESG impact, or those that traded lower after belatedly accounting for external ESG impact and were committed to change.

 

Grazie per il tuo commento. Il tuo commento verrà pubblicato dopo essere stato esaminato.
Abbiamo riassunto questa notizia in modo che tu possa leggerla velocemente. Se sei interessato alla notizia puoi leggere il testo completo qui. Leggi di più:

 /  🏆 6. in İT

Italia Ultime Notizie, Italia Notizie

Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.

'Blue wave' US election expectations trigger green stocks frenzyGrowing expectations of a strong Democratic victory in U.S. elections have prompted investors to snap up renewable energy stocks, amplifying a ...
Fonte: ChannelNewsAsia - 🏆 6. / 66 Leggi di più »