Re:BlackRock suffers $1.7T loss in 6 months: Worlds largest ...
by blitzar on Thursday July 21, 2022 @05:15AM
(#32177228)
Blackrock funds have mandates. If the mandate says ESG score must be >10 then that fund must hold ESG >10 stocks.
Nobody is holding a gun to investors heads, forcing them to allocate money into funds that have this mandate that then only buy stocks that fulfil this mandate.
> Is a huge financial institution threatening to sell not a 'reason' and a form of power?
Investors threaten to sell stock all the time. Sales are shit - im gonna sell my stock unless you fire some people. Not paying a dividend - im gonna sell my stock unless you pay one. Stock price is performing poorly - im gonna sell my stock unless you do a stock split to con people into thinking the stock is cheaper.
Nobody is holding a gun to investors heads, forcing them to allocate money into funds that have this mandate that then only buy stocks that fulfil this mandate.
> Is a huge financial institution threatening to sell not a 'reason' and a form of power?
Investors threaten to sell stock all the time. Sales are shit - im gonna sell my stock unless you fire some people. Not paying a dividend - im gonna sell my stock unless you pay one. Stock price is performing poorly - im gonna sell my stock unless you do a stock split to con people into thinking the stock is cheaper.