MARKETS

Republican state treasurers withdraw US$1B from BlackRock

NUMEROUS US states governed by Republicans are withdrawing state funds from BlackRock's management, over disapproval of the ESG investment policies of the world's top asset manager, the Financial Times reported yesterday.

Tim Daiss

Republican state treasurers withdraw US$1B from BlackRock

In the past few weeks, the states of Louisiana, South Carolina, Utah, and Arkansas have expressed collective outrage, announcing they would divest funds from BlackRock totaling more than US$1 billion....

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