Hints and tips:
...The exclusions will also apply to fixed income funds, potentially precipitating a sell-off in the bonds of energy companies....
...Financials, consumer staples and energy are favoured in value strategies,” he said....
...The funds’ muted inflows may be due to global macroeconomic pressures, including the ongoing energy crisis and anxiety around the possibility of a recession, Morningstar’s analysis suggests....
...The MSCI ACWI returned 8.48 per cent annualised in the 10 years to the end of 2023, while the MSCI USA index returned 11.98 per cent....
...The $19.7bn iShares ESG Aware MSCI USA ETF accounted for $1.8bn of those outflows. Overall, the fund bled $318mn last year, separate Morningstar data shows....
...BlackRock’s ESG Aware MSCI USA ETF, alone, has $24bn of assets under management, Morningstar reports....
...A version of this article was first published by Nikkei Asia on July 19. ©2022 Nikkei Inc. All rights reserved....
...Companies in the ETFs are graded on a “carbon transition readiness” score that reflects their reliance on energy production, clean technology, energy, waste and water management....
...BlackRock’s iShares ESG Aware MSCI USA has the largest exposure in dollar-terms, with approximately $283m, about 2 per cent of its assets under management....
...arguing it “delegates critical elements of the position limits framework to for-profit exchanges who face major conflicts of interest in making decisions that could limit demand for their own exchange services...
...USA Inc — in other words offering a dire signal on the outlook”....
...Following pressure from activists, BlackRock joined Climate Action 100+, which chivvies energy companies to cut emissions and announced new green funds. Some see that as good stewardship....
...Others are being forced to accept services from sponsors such as energy groups or banks, instead of simply cash lump sums....
...Longer term: In an economic downturn, the need for energy declines which is negative for Aggreko as an energy provider....
...The A-fun office has the frenetic energy of a start-up; the company is in the process of putting together a team in Los Angeles....
...Mr Lorenzo was promoting a debenture offering in Waste2Energy Holdings Inc — a now-bankrupt company which was claiming it had technology that converted waste into clean energy....
...WPP will also reduce is planned capex from £400m to v£300m....
...For solar, funding for renewable energy projects is fuelling optimism for a strong rebound....
...She added in the note that Vice needed to “operate more nimbly, focusing our energies and investments on core strengths”....
...Last year was exceptional for Europe Inc in terms of growth, profitability and business expectations....
...Qubits v bytes: how quantum computing works Quantum computing taps into the quirky behaviour of sub-atomic particles, which bend our normal understanding of physics....
...Not months.” - Zion President, Dustin Guinn #israel $zn — Zion Oil & Gas, Inc....
...President Donald Trump claimed credit for a “huge win for American workers and the USA”....
...Sabino, who was a financial adviser and energy specialist at Merrill, joins as vice-president for investor relations....
...A version of this article was first published by the Nikkei Asian Review on July 4 2018. ©2018 Nikkei Inc. All rights reserved....
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