Terrence Keeley had been at BlackRock Inc. for about a decade when he reached a contrarian conclusion: ESG doesn’t work.
Mr. Keeley spent much of his time at the asset manager overseeing a group that nurtured relationships with central banks, finance ministries, family offices and sovereign-wealth funds. Under pressure from politicians and activists, some of these investors were looking to distance themselves from companies that fall short onContinue reading your article with
Unintended consequences
I'm a contrarian.
Bonds ... 15%?
Like crypto, ESG relied on influencers rather than sound marketing.
ESG, climate change, crypto, etc. are BS culture
ESG has been a way for asset managers to charge a premium to their investors with little empirical data to back up claims of outperformance versus non-ESG. ESG is feel good investing, not fiduciary investing.
Headline - 'Based on this one author's opinion, ESG doesn't work.' The conclusion they want you to draw - 'See we told you! Companies shouldn't care about the environment!' The author's book
The peer-reviewed research on this topic is actually mixed. Some studies find ESG investing improves returns and reduces risk, others find it has no effect.
ESG is a colossal scam… leftism disguised by something else
Yeah right. Let me know when you give it a try first. People have been crying about this since the Fink letter
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