AN INTRODUCTION TO THE LEFTIST ACTIVISTS AND LIBERAL DC INSIDERS AT BLACKROCK, VANGUARD, AND STATE STREET USING YOUR MONEY TO ADVANCE THEIR POLITICAL AGENDA.
ESG (environmental, social, and corporate governance) investing is becoming increasingly popular on Wall Street, and particularly so with the “Big Three” asset management firms BlackRock, Vanguard, and State Street. While these firms maintain that ESG standards are to protect investor capital, it instead seems that liberal fund managers are using it to advance their own political agendas. The “Big Three” manage $22 trillion in assets and control about 80% of all passive index investments. On average, the “Big Three” combined own about 22% of the shares of a typical S&P 500 company.
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None of It is Our Money - AAF Research Team