The political bias of investing giants like Blackrock and Vanguard leads them to policies that give poorer returns. I would like to discuss alternative investments in this thread.
I do not invest in individual stocks (much) so I’m looking for ETFs or mutual funds. Here is an example. I will discuss other examples in posts on this thread
DRLL is a passively managed Exchange Traded Fund (ETF) that seeks broad market exposure to the US energy sector.
Here’s what they say about their objective:
A depoliticized investment option.
We created Strive to offer everyday Americans a way to invest in the stock market without mixing business with politics .
Many Americans invest in the market by selecting large asset managers to oversee their retirement and investment accounts. These asset managers charge low fees, but there is a hidden cost: these firms tell America’s public companies to adopt divisive social and political agendas that most Americans disagree with. Even worse, they cause America’s companies to perform more poorly by mixing politics with business, which harms the investment accounts of everyday Americans.
At Strive, we are solving that problem by creating index funds that deliver our message to American public companies.
Strive is an Ohio-based asset management firm whose mission is to restore the voices of everyday citizens in the American economy by guiding companies to focus on excellence over politics.
We cater to everyday Americans who don’t want their investments and retirement accounts to be used to push political agendas onto American companies. Our goal is to offer very similar investment options to existing large asset managers, at similar or identical fees. The key distinction is our approach to shareholder voting and engagement.
We take our fiduciary duty to our clients seriously.
Our voting and advocacy decisions are made with the sole interest of maximizing the value of our clients’ investment accounts - with no “mixed motivation” to also advance a social objective.