Florida Withdraws $2 Billion from BlackRock Over ESG Investing
Source: pjmedia.com
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The MAGA Fund, which solely invests in top companies supporting GOP candidates, is outperforming both the S&P 500 and the woke ESG funds as it avoids 'woke nonsense.'
Florida CFO Jimmy Patronis cited BlackRock's ESG initiatives in terminating the manager, but has made no similar actions against other managers.
Florida’s CFO says he doesn’t “trust BlackRock’s ability to deliver” for taxpayers.
GOP members of both the House and Senate are bringing forward legislation to protect retirement and investment accounts from asset managers who prioritize ESG initiatives over returns.