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A comment on Texas schools fund pulls $8.5B from BlackRock over ESG investing. Parent comment

Re:Texas schools fund pulls $8.5B from BlackRock over ESG in... by xyst on Wednesday March 20, 2024 @04:53PM (#39771888)
A rounding error. It’s honestly terrifying how much wealth is concentrated in this one company.
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Re:Texas schools fund pulls $8.5B from BlackRock over ESG in... by Workaccount2 on Wednesday March 20, 2024 @05:08PM (#39772063)
Virtually none of that money is in blackrock though. The money is in the companies invested in. Blackrock however does have enormous discretion in which companies get that money. But it's also not exactly opaque, these funds are pretty transparent and overall very bland.
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Re:Texas schools fund pulls $8.5B from BlackRock over ESG in... by axpy906 on Wednesday March 20, 2024 @04:58PM (#39771958)
This should be the top comment. Don’t forget Vangaurd and State Street too.
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Re:Texas schools fund pulls $8.5B from BlackRock over ESG in... by robotnikman on Wednesday March 20, 2024 @05:41PM (#39772335)
It has the more money than most countries.
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