Last week, BlackRock’s CEO Larry Fink sent letters to the CEO’s of the companies that BlackRock invests in, as well as to BlackRock’s clients. Through these letters Mr. Fink highlighted BlackRock’s belief that climate change will have a significant impact on the performance of global financial markets.
BlackRock, the world’s largest asset manager, is uniquely positioned to play a role in encouraging corporations to step up transparency and address climate-related risk. They also promise that all of their portfolio managers will incorporate climate-risk into their investment process, emphasizing that climate change can no longer be ignored in financial and socioeconomic risk analysis. NPR reported “[BlackRock’s] shift could signify a watershed moment for corporate action on climate, particularly among U.S. firms”.
At Mission Wealth we are proud to offer Environmental, Social, Governance (ESG) investing through our suite of Social Values Portfolios. We believe in building custom portfolios that align our clients’ portfolios with their personal values, should they have an interest in doing so.
We have a strong partnership with BlackRock and have been using their iShares ESG-focused ETFs (among others) within our Social Values portfolios for a number of years.
If you’re interested in learning about ESG strategies and Impact Investing you can reach out to our experienced team. Now with advances in technology, new funds, and lowered trading costs, the old days of sacrificing returns for a Socially Responsible portfolio are long gone.
About Mission Wealth
Our Social Values Portfolio enables you to invest sustainably and align your personal beliefs with your portfolio. You can also benefit from a cost-effective and tax-efficient solution as you connect purpose with your life savings.
Mission Wealth selects and proactively monitors companies and investments deemed to be “best in class” based on ESG (environmental, social and corporate governance) criteria. Through our sophisticated research software, we analyze the universe of stocks, bonds, mutual funds and ETFs to include investments in companies with high ESG scores.
Typically, the companies that meet our selection criteria are leading the charge in addressing the challenges of our time, such as climate change, water management, food scarcity, pollution, corporate ethics, and human rights, amongst others.
Our Social Values Portfolio is thoughtfully constructed and represents a well-diversified basket of investments. To learn more, please click here.
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Mission Wealth is a Registered Investment Adviser. This commentary reflects the personal opinions, viewpoints, and analyses of the Mission Wealth employees providing such comments. It should not be regarded as a description of advisory services provided by Mission Wealth or performance returns of any Mission Wealth client. The views reflected in the commentary are subject to change at any time without notice. Nothing in this commentary constitutes investment advice, performance data, or any recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security. Mission Wealth manages its clients’ accounts using a variety of investment techniques and strategies, which are not necessarily discussed in the commentary. Investments in securities involve the risk of loss. Past performance is no guarantee of future results.
