A close look at the fund’s holdings reveals the inclusion of companies that do not support the NAACP’s mission.
If you dig down and look at the companies in many of the largest ESG funds, you’ll find that many have been bankrolling Republican politicians and PACs.
Unlike most political issues that involve hundreds of legislators, it’s relatively easy to identify which corporations had the largest financial impact on flipping the Supreme Court conservative.
The entire S&P 500 had an average annual return of 12.7% from 2016-2020. Did Democratic or Republican companies perform better?
See which big firms flipped and who they support now.
Celebrities are brands too! See how they donate here:
Senator Cruz raises money differently than most politicians. Find out how.
See the politics of the most shorted companies on Wall St.
Which side of the aisle do companies in the S&P 500 donate to?