Originally Posted by
tennisguru
That entirely out dated, but people keep bringing it up like it’s gospel. Yes, originally a Blackrock fund was going to be used, but it never was actually implemented as they found a way to invest in the proper mix with a lower expense ratio.
Originally Posted by
SideStickMonkey
But it's a great talking point!
It not entirely outdated. Feel free to DART R&I. You’re right that they invested it outside of LIRIX (fortunately for much smaller fees); however the portfolio almost exactly mirrors LIRIX which has that sweet MSCI ESG rating.
MSCI ESG Fund Ratings, 65% (or 50% for bond funds and money market funds) of the fund’s gross weight must come from securities with ESG coverage by MSCI ESG Research.
So sure, Black Rock would be a tired trope, but at the end of the day pilots’ money is being invested in underperforming assets that place far too much emphasis on ESG. That is simply fact.