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To: RayChuang88

I have several mutual funds. After digging into the actual holdings, it turns out that around 30 percent of the funds are high ESG rated companies and those stocks are losers. Even if their sales are going up, the stock prices are going steadily down and some of them have been doing so for years. The rest of the stocks generally keep the funds making a small percentage but not during a downturn. But go to each company’s website and they’ll boast about how much money they spend on virtue signaling. I won’t be buying anymore funds and I’m selling the ones I have. As far as I’m concerned, these funds have breached their fiduciary duty.


12 posted on 06/06/2023 9:57:00 AM PDT by Gen.Blather (Wait! I said that out loud? )
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To: Gen.Blather
Correct. Look, even Vanguard is getting out of the ESG/DEI business because they were losing money in terms of stock value. BlackRock is still at it, but now you wonder WHO is funding BlackRock? Are there shadowy members of the Powers That Be outside the USA (primarily in Europe) that own BlackRock shares?
15 posted on 06/06/2023 10:31:52 AM PDT by RayChuang88 (.FairTax: America's Economic Cure)
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