re: Blackrock will own 70% of Homes in 6 years. We will own nothing.

quote:

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Now that bit is accurate.

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I generally think the whole ESG thing is overblown aside from when applying the E to o&g and energy companies, as there is a direct conflict of interest there. Asset managers are absolutely breaching fiduciary duty by pushing environmental initiatives on these types of companies.

In regard to the social/dei stuff, it's pretty clear that fink isn't the only woke executive and all these companies are gladly implementing DEI initiatives regardless of any pressure from asset managers (via controlling the board of directors).