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

Reynolds Holding

As the largest asset management firms in the world, the Big Three (BlackRock, Vanguard, and State Street Global Advisors) are at the heart of this debate. While the initial emphasis was on the “passive” nature of index funds, it has since centered on the reality that three very large managers seem to dominate the market.

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ESG Investing Clearly Serves Pecuniary Interests

Reynolds Holding

We refer to ESG investing for risk and return benefits—that is, to improve risk-adjusted returns—as risk-return ESG…. 21] Academic studies have found that these “ESG controversies” are quite common, lead to significantly negative returns, [22] and increase the odds that a company will not survive in a competitive market. [23]