Why We Ask: Our mission and operations are funded 100% by conservatives like you. Please help us continue to extend Liberty to the next generation and support the 2024 Independence Day Campaign today.

May 22, 2024

Don’t Let America’s Biggest Money Managers Play Politics With Your Pension

Are they injecting their own political biases into the way your money is invested? That’s a violation of their fiduciary duty to you as a client.

Are you paying attention to what the money managers who you’ve entrusted with your lifetime savings are actually doing with your money? Are they investing to get the best possible return they can — so that you will be able to retire comfortably and perhaps buy a vacation home or leave an estate for your children and grandkids? Or are they injecting their own political biases into the way your money is invested?

Too often of late, they are doing the latter. They are playing politics with your pension. And that’s a violation of their fiduciary duty to you as a client. This scam may be costing you tens of thousands of dollars of retirement income. Or more.

I’m referring to the latest fad on Wall Street called “ESG investing.” ESG investing secretly directs Americans’ personal savings (without our knowledge or explicit approval) into investments that are “green,” or otherwise “socially conscious.”

The scheme works like this: Left-wing activists invade corporate shareholder meetings at companies like Walmart or Exxon and demand votes on hostile shareholder resolutions like requiring racial quotas in hiring or advancing radical climate change priorities, such as divesting in oil and gas companies (even though these have been some of the top-performing Fortune 100 companies).

Many studies have shown that adopting these onerous ESG mandates REDUCES a company’s returns to the shareholders — i.e., you and I and the 125 million other Americans who have pension money invested in the stock market.

Our new study at the Committee to Unleash Prosperity has graded more than 100 of the largest money management funds — from Fidelity to Blackrock to Morgan Stanley. In some ways, these money managers run Wall Street and the world economy. They have tens of trillions of dollars under management.

Here are the firms that rank worst and got an “F” grade:

Guggenheim Funds: “F”
Mutual of America Funds: “F”
Morgan Stanley Funds: “F”
BNP Paribas Asset: “F”

Our report found these firms and many more may be violating their fiduciary duty to get the best return for their clients by voting for radical leftist resolutions often without their consent. One way to protect yourself from this sinister corporate malfeasance is to move your money elsewhere.

I’m happy to report that there are three major money management firms that don’t play the ESG game at all, and they received “A” grades on our report card — Dimensional Investment Funds, Vanguard (Vanguard was a big proponent of ESG and has now backed away) and T. Rowe Price.

There is some good news on the ESG front: The CTUP study finds that in the last year or so, ESG investing is on the decline. That’s because conservatives are beginning to withdraw their money from firms that are secretly harvesting their votes in favor of policies that are out of step with their own values or diminish the performance of the funds holding their savings.

If investors WANT to invest in advertised ESG funds, they have every right to do so. It’s their money after all. But imposing costly ESG policies on investors without their explicit consent can’t be tolerated.

If enough Americans vote with their dollars and tell their brokers to cease and desist, this shareholder revolt can end the scourge of ESG once and for all.

COPYRIGHT 2024 CREATORS.COM

Who We Are

The Patriot Post is a highly acclaimed weekday digest of news analysis, policy and opinion written from the heartland — as opposed to the MSM’s ubiquitous Beltway echo chambers — for grassroots leaders nationwide. More

What We Offer

On the Web

We provide solid conservative perspective on the most important issues, including analysis, opinion columns, headline summaries, memes, cartoons and much more.

Via Email

Choose our full-length Digest or our quick-reading Snapshot for a summary of important news. We also offer Cartoons & Memes on Monday and Alexander’s column on Wednesday.

Our Mission

The Patriot Post is steadfast in our mission to extend the endowment of Liberty to the next generation by advocating for individual rights and responsibilities, supporting the restoration of constitutional limits on government and the judiciary, and promoting free enterprise, national defense and traditional American values. We are a rock-solid conservative touchstone for the expanding ranks of grassroots Americans Patriots from all walks of life. Our mission and operation budgets are not financed by any political or special interest groups, and to protect our editorial integrity, we accept no advertising. We are sustained solely by you. Please support The Patriot Fund today!


The Patriot Post and Patriot Foundation Trust, in keeping with our Military Mission of Service to our uniformed service members and veterans, are proud to support and promote the National Medal of Honor Heritage Center, the Congressional Medal of Honor Society, both the Honoring the Sacrifice and Warrior Freedom Service Dogs aiding wounded veterans, the National Veterans Entrepreneurship Program, the Folds of Honor outreach, and Officer Christian Fellowship, the Air University Foundation, and Naval War College Foundation, and the Naval Aviation Museum Foundation. "Greater love has no one than this, to lay down one's life for his friends." (John 15:13)

★ PUBLIUS ★

“Our cause is noble; it is the cause of mankind!” —George Washington

Please join us in prayer for our nation — that righteous leaders would rise and prevail and we would be united as Americans. Pray also for the protection of our Military Patriots, Veterans, First Responders, and their families. Please lift up your Patriot team and our mission to support and defend our Republic's Founding Principle of Liberty, that the fires of freedom would be ignited in the hearts and minds of our countrymen.

The Patriot Post is protected speech, as enumerated in the First Amendment and enforced by the Second Amendment of the Constitution of the United States of America, in accordance with the endowed and unalienable Rights of All Mankind.

Copyright © 2024 The Patriot Post. All Rights Reserved.

The Patriot Post does not support Internet Explorer. We recommend installing the latest version of Microsoft Edge, Mozilla Firefox, or Google Chrome.