IEEFA: Vanguard Funds Destroy Shareholder Wealth With US$290bn in Fossil Fuels Creating a 5.6% Performance Drag
June 23, 2021
June 23, 2021
CLEVELAND, Ohio, June 23 (TNSRep) -- The Institute for Energy Economics and Financial Analysis issued the following news release:
Vanguard Group, the world's second largest asset manager, is leaving its investors to face profound wealth destruction risks as the world's largest investor in fossil fuels, all while insisting climate change is a priority for the company, finds a new report by the Institute for Energy Economics and Financial Analysis (IEEFA).
Vangu . . .
Vanguard Group, the world's second largest asset manager, is leaving its investors to face profound wealth destruction risks as the world's largest investor in fossil fuels, all while insisting climate change is a priority for the company, finds a new report by the Institute for Energy Economics and Financial Analysis (IEEFA).
Vangu . . .