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BlackRock Tilts ESG Tables Toward Value Stocks: Green Insight

July 20, 2022, 10:00 AM

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A text sent by BlackRock Inc. to financial advisers has opened up a conversation about the relative scarcity of value-based investing among managers of ESG funds.

Most managers of ESG equity funds have filled their portfolios in recent years with growth stocks, like those found in the tech sector. It’s precisely this group however that’s been hammered this year, creating losses approaching as much as 30%.

Now there’s a rethink going on across the industry.

One of the main reasons? A note circulated in May by BlackRock that seems to have tilted ...