Individuals and large institutions alike are allocating more of their dollars to investment strategies that meet some level of environmental, social, and governance criteria. This is commonly referred to as responsible, sustainable, or green investing.
Referenced in this video:
– 2018 GLOBAL SUSTAINABLE INVESTMENT REVIEW http://www.gsi-alliance.org/wp-content/uploads/2019/03/GSIR_Review2018.3.28.pdf
– Sustainability as BlackRock’s New Standard for Investing https://www.blackrock.com/uk/individual/blackrock-client-letter
– The Contributions of Betas versus Characteristics to the ESG Premium https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3010234
– Disagreement, Tastes, and Asset Prices https://papers.ssrn.com/sol3/papers.cfm?abstract_id=502605
– A Sustainable Capital Asset Pricing Model (S-CAPM): Evidence from Green Investing and Sin Stock Exclusion https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3455090
– Sustainable Investing in Equilibrium https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3498354
– Aggregate Confusion: The Divergence of ESG Ratings https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3438533
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I have taken a good percentage of my funds and changed them to anti-esg funds. It seems idiotic that one is gonna invest hard earned money and BLACROCK is gonna dictate me how to invest my money when they owe fiduciary duty to each and every one of us. Furthermore they are using this ridiculous excuse called climate change to impose on companies that they invest on when climate change is just fake news, even Joe Biden said there was not such thing as climate change.
Another helpful indicator when you are researching stocks to invest in.
Lower returns over 5-years or 50-years?
ESG is a form of canceling based on regulated criteria that could very well be the wrong approach to complicated problems. ESG wouldn't survive if we were objective at looking at problems and talked over them and recognized people have different solutions. ESG exists when you have a dominant culture that thinks it's their way or the highway.
I don't always invest, but when I do I make sure the leadership's genitalia and skin color are primary factors.
ESG = The Gay for pay score lol 😆 😂 🤣 😅
Fast forward to today….BlackRock has dumped just about all ESG funds from its products do to it’s foul smell, irrelevancy, & money lost….ESG’s are absolute garbage that even the homeless won’t pick through.
BLACKMAIL.
Hey ben may i consult with you once i build up some sort of port? I’d be happy to give you a cut of my port 🙂
Could that not mean a proper way to actually condone stock picking then is if you’re a broad market index investor you can slightly tilt your portfolio picking a few stocks on companies that do promote your values if you understand the risk and keep it to a low percentage of your portfolio?