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Shorts: ESG forces Vanguard, BlackRock, SSGA to choose on abortion • Schwab uses money and brand to correct white-male CFP supermajority • S&P 1500 pensions overfunded despite underwhelming 2022 returns • Vanguard closes gap on BlackRock as top institutional manager • Musk puts Orion on Twitter map

Culture war envelops ESG. 'Big-three' face crisis on abortion rights • The population is 50.8% women, 13.4% Black, 18% Latinx, but 76.6% of financial planners are white men. • Schwab funds CFP effort to rebalance • S&P 1500 pension plans are running a $55 billion surplus • Vanguard nears BlackRock institutional asset sum • Daniel Crosby lures behavioral finance interest, via Diet Coke.

Author Oisin Breen June 11, 2022 at 1:05 AM
Admin:
no description available
Urska Velikonja: We expect for these large asset managers to consider abortion in the same way they consider other social-policy issues.

Brian Murphy

Brian Murphy

June 13, 2022 — 4:02 PM
ESG is make believe...just make believe in a way you can buy into. Blackrock not handling an issue to your liking? Great, you can always browse every other ESG product to find one that aligns with your vision. This, people, is a waste of time. The way to handle ESG is on the income statement, not the balance sheet. If you don't believe in something - don't buy it (and if you'd like short the stock yourself). That would put the most obvious bad actors out of business quicker than policies around what your investment advisor can buy. ESG is what crops up when there's nothing new & meaningful going on in the industry. It's simply used like every other meme to move product.

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July 26, 2023 at 2:34 AM

Biz Briefs: Schwab puts checks for $52 million in mail to robo-RIA customers allegedly misled about cash allocations • BlackRock blacklisted (again) • iShares beats NZAM-exiter Vanguard • Fidelity makes first acquisition in eight years • CFP board realizes Moms don't like CFPs

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January 13, 2023 at 3:01 AM

Dimensional Fund Advisors, long the flagship of factor investing, struggles to chart a course as a nimble rival and big foot competitors cut into its market--and exploit its slow move to ETFs

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August 9, 2022 at 1:57 AM

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