lassarina: (Default)
Lassarina ([personal profile] lassarina) wrote in [personal profile] rosa_heartlily 2024-01-16 06:07 pm (UTC)

If I recall correctly from my brief time in direct consumer finance, the "ethical" or "social responsibility" option is specifically labeled because you have to disclose that it may make less money than those that include [arms, oil, guns, whatever], and the investment advisor/investment firm's first obligation is, supposedly, to make the maximum amount of money for their clients, so they can't actively divest from the most lucrative opportunities unless the client has asked them to, for reasons of fiduciary responsibility. (After all, some people don't care. Those people are wrong! In my not entirely humble opinion! But some just want LINE GO UP at maximum speed, regardless of the cost otherwise.)

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