BlackRock's ESG Fund Business Is Soaring Despite Attacks by the GOP
BlackRock’s ESG-related assets swelled 53% from the beginning of 2022 through the end of last year, even as the wider ESG fund market only grew 8%.
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BlackRock’s ESG-related assets swelled 53% from the beginning of 2022 through the end of last year, even as the wider ESG fund market only grew 8%.
(Bloomberg) -- Despite a barrage of Republican attacks, lackluster returns and diminishing client interest in the US, BlackRock Inc. has been quietly expanding its dominance in ESG investing.Most Read from BloombergJapan Loses Its Spot as World's Third-Largest Economy as It Slips Into RecessionIsrael Quits Ceasefire Talks Over ‘Delusional’ Hamas DemandsThe Brutal Reality of Plunging Office Values Is HereTrump Eyes NATO Makeover, Hurried Peace in Ukraine If ElectedDip Buyers Wade Back In to Fuel
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It’s worth noting that only once, in 2000, has the Iowa winner gone on to win the GOP nomination; it’s also true that Trump benefited from low turnout, as his victory captured a comparatively small proportion of the electorate — less than 60,000 of Iowa’s 700,000+ registered Republicans voted for him. First lady Jill Biden visited Utah this week, meeting with teachers and administrators at a Salt Lake County high school. The Republican primary field shrunk again after Iowa, with only two Trump challengers remaining: Nikki Haley and Ron DeSantis.