Originally Posted by
crazyjaydawg
It not entirely outdated.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.
if the assets were overperforming would anyone care?