Warning! This is relatively close to the edge of the allowable on this forum. Please carefully craft any follow-up!
https://www.msn.com/en-us/money/markets ... r-AA1FwoPM (source: Bloomberg)
Warning signs of growing friction between US and EU at the financial level.
US fund managers put on notice by $65 bn Dutch pension fund
Re: US fund managers put on notice by $65 bn Dutch pension fund
The the article seems to be mostly about friction between funds? At the end of the day, PME can just ditch BlackRock and manage their US investments themselves, or find someone else who will do it according to their standards.
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IlliniDave
- Posts: 4190
- Joined: Wed Apr 02, 2014 7:46 pm
Re: US fund managers put on notice by $65 bn Dutch pension fund
Yeah, it seems simple to me. If you don't like the way your fund manager manages your funds, find another manager. $65B out of $11T is not going to sway a behemoth manager like BlackRock (or Vanguard or Fidelity). $65B is enough they could probably get BlackRock to manage it any way they want it managed, but if they are expecting BR to invest the other 99% of the money people entrust to them based on Dutch rules, then maybe they should set up their own management operation. I don't know the specifics of what BR's plan to move from "ESG" investing to "Transition" investing entails other than it's more focused on infrastructure to support evolving needs and technologies than whatever they were doing with ESG. I don't invest in any BR funds, and if I did it would only be in their generic/index retail funds so I never bothered to look into it.
Re: US fund managers put on notice by $65 bn Dutch pension fund
Just tell the Dutch you're going dutch. They should understand.