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ESG Investing Clearly Serves Pecuniary Interests

Reynolds Holding

For example, the Indiana AG has stated that, “ESG is an investment strategy that focuses less on the financial health of a company and more on its social and environmental impacts…,” [4] citing a Forbes article written by two journalists. Another level of risk affects the volatility of an entire portfolio. Available at [link].

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Are the Big Three Asset Managers Beneficial Stewards or Corporate Overlords?

Reynolds Holding

This has led to the formation of a “latent network” of firms, connected by a few large investors. When investors own significant portions of multiple firms in a given industry, incentives may shift towards portfolio value rather than individual firm value.