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Fund Solutions

Research Casts Doubt on ‘Big Three’ Passive Managers’ ESG Stewardship

Academic study condemns managers as “stewards of the status quo”. 

Serious doubts about the environmental stewardship credentials of three of the world’s largest asset management firms have been raised by academics at City Political Economy Research Centre (CITYPERC), part of City, University of London. A research report found BlackRock, Vanguard and State Street – which together manage more than US$20…

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