Missouri latest state to divest from BlackRock over ESG initiatives: 'Woke political agenda'
Headline from FOX Business
Missouri State Treasurer Scott Fitzpatrick announced his state's retirement system would sell $500 million in pension funds managed by BlackRock over the bank's left-wing initiatives.
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(Reuters)—Missouri has pulled $500 million out of pension funds managed by BlackRock Inc, state Treasurer Scott Fitzpatrick said on Tuesday, over the asset manager's environmental, social, and governance (ESG) "priority" over shareholder returns.
Missouri announced Tuesday it is pulling some $500 million in pension funds from BlackRock, joining other Republican-led states divesting from the firm over its commitment to environmental and social goals in investing.
Missouri State Treasurer Scott Fitzpatrick announced his state's retirement system would sell $500 million in pension funds managed by BlackRock over the bank's left-wing initiatives.