Missouri is also withdrawing funds from Blackrock

Missouri is also withdrawing funds from Blackrock
Blackrock headquarters in New York

criticism from both sides.

(Foto: Bloomberg/Getty Images)

New York Missouri is another US state that is withdrawing money from its pension funds from the asset manager because of Blackrock’s ESG strategy. Treasury Secretary Scott Fitzpatrick on Tuesday accused Blackrock of placing too much emphasis on environmental, social and governance (ESG) criteria at the expense of returns. Specifically, it’s about $ 500 million.

Several Republican states are looking to sever ties with Blackrock over its ESG push. Louisiana earlier this month said it would withdraw nearly $800 million.

While states criticize Blackrock, environmental groups accuse the world’s largest wealth manager of not doing enough to promote an energy transition. Group boss Larry Fink said last week that he was now being attacked equally from left and right: “So I’m doing something right.”

More: The final sell-off on the stock exchanges is getting closer

Tagus Top-Jobs

Find the best jobs now and
be notified by email.

Read on now

Get access to this and every other article in the

Web and in our app free of charge for 4 weeks.

Continue

Read on now

Get access to this and every other article in the

Web and in our app free of charge for 4 weeks.

Continue

Related posts
All Comments
Missouri is also withdrawing funds from Blackrock There are no comments yet! You can make the first comment.
Leave a Comment