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...“Are there parts of the world where CEOs would rather take a lower profile on their ESG . . . and climate agendas? Absolutely, yes,” he said....
...“ESG will be dead in five years.”...
...judiciary committee, said on X the decisions by JPMorgan and State Street were “big wins for freedom and the American economy, and we hope more financial institutions follow suit in abandoning collusive ESG...
...of the ESG investments in the last couple of years”....
...Vivek Ramaswamy, one of the candidates, called Fink “the king of the woke industrial complex [and] the ESG movement”....
...BlackRock’s iShares ESG Aware MSCI USA ETF, commonly known as ESGU, lost more than $9bn in assets as it was removed from a BlackRock model portfolio....
...Patrick has previously expressed “grave concerns” about the group’s use of ESG factors in investing....
...Just six funds citing ESG factors launched in the second half of 2023 compared with 55 in the first half, my colleague Will Schmidt reports. — Kenza Bryan Money managers pull back support on climate and...
...The sweeping nature of the new regulations is likely to radically reshape ESG fund portfolios....
...Inc., a footwear company based in California, agreed to settle charges for failing to disclose payments for the benefit of its executives and their immediate family members....
...BlackRock manages two of the five-largest US ESG funds, according to Morningstar, and has more than $48bn of ESG assets under management....
...This stock tends to be favoured by ESG funds: it accounts for twice the share of the ESG-focused MSCI index as its mainstream counterpart, for example....
...In March 2023 the iShares ESG Aware MSCI USA ETF (ESGU) haemorrhaged $3.9bn in one day. On the same day the iShares MSCI USA Quality Factor ETF (QUAL) saw a $4.8bn jump in net inflows....
...These are rebased MSCI net return indices, in dollars, for each country, and the MSCI USA and World indices....
...which ESG considerations can affect companies’ financial performance and outlook”....
...That is a good thing for investors tiring of the ESG acronym, which is at times so broad as to be meaningless....
...Investors have reduced support for ESG shareholder resolutions. In the US, particularly, asset managers have come under fire from Republican policymakers....
...As a result, the iShares MSCI USA Quality Factor ETF (QUAL) was in the top 10 of US-listed ETFs by flows last year, with $11.1bn, Rosenbluth said, as quality stocks “did well in an uncertain economic environment...
...MSCI and S&P have put companies linked to the Myanmar junta in their ESG products, as my colleague Patrick Temple-West reports this week. But active funds have questionable holdings too....
...This was an important consideration for Unicef USA when developing its framework....
...The court is deliberating on another case, Relentless Inc vs Department of Commerce, that seeks to overturn a 40-year-old legal doctrine that says courts should generally defer to agencies’ interpretation...
...And here’s Bloomberg a few days before that: BlackRock Inc. and other money managers spent years rolling out sustainable funds, seeking to capitalize on surging interest in ESG investing....
A new fund seeks to kick-start the nascent sector
...“The noise on that [ESG] has come way down for us when we have conversations with investors.”...
...Conservative critics claim that “woke” asset managers have strayed too far from their duty to maximise returns and have called for boycotts and laws to prevent the use of ESG in investing....
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