BOSTON - Two new BlackRock Inc funds that exclude gun makers are off to slow starts as socially-minded investors embrace other products addressing a wide range of issues like environmental and governance concerns, according to flow data at the world’s largest asset manager.
Rather than divest, BlackRock in the spring of 2018 took steps like introducing a pair of gun-free funds to give investors alternatives to traditional products such as the iShares Russell 2000 ETF, which holds 2% of both Sturm Ruger and American Outdoor. At the same time, he said flows to so-called ESG funds have spiked overall as investors focus on subjects like the impact of climate change at energy companies or gender pay disparities at technology firms.
A BlackRock spokesman did not comment or give details about other steps it has taken, like new gun-free products for pension plans.
You take away the guns... They'll find another way. Stop treating the symptoms and treat the cause. Guns don't kill people, people with unhealthy mindset kill people
Guns are not health crisis. It is the unregenerated wicked and deceitful heart of man that is society's undoing. Guns don't shoot themselves. It is humans who shoot guns at others to satisfy their selfish desire.
Guns are a health crisis? Hahaha since when does guns have FEELINGS?
Virtue Signaling hits wall street. Cant wait for them to tank and the blame be shifted to White cis gendered males. ParForTheCourse FactsOverFeeling
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Source: CNBC - 🏆 12. / 72 Read more »
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