FYI: A group of gadflies••• known as Gays Against Guns, which was formed after the mass shooting at a nightclub in Orlando, wants BlackRock to cut its ties to the firearms industry, as Jeff Green reported.
The fact that BlackRock is being singled out by this group -- which says it's "not afraid to shame and demonize" -- highlights an interesting side effect from the blockbuster trend of passive index-based investing that helped turn BlackRock and Vanguard into behemoths. When your investment strategy is simply to buy the entire market, as reflected by a benchmark index, you end up buying it warts and all. (Regardless of what you personally consider the warts.)
Regards,
Ted
https://www.bloomberg.com/gadfly/articles/2016-08-10/blackrock-s-gun-control-problem-is-also-an-opportunity
