Blackrock

[Dlownz]

I feel that maybe blackrock may need it's own thread. If someone disagrees i don't mind it being deleted.
What's everyone's thoughts on
1. There green investment arm/fund
2. The recent announcements and then retractions.

[nztx]

Remember this - boys & girls:


https://www.goodreturns.co.nz/article/976518466/blackrock-dumps-1-billion-stake-in-meridian-and-contact.html

BlackRock dumps $1 billion stake in Meridian and Contact



Trading volumes surged and the market edged higher as passive fund manager BlackRock sold more than $1 billion worth of shares in Contact Energy and Meridian Energy.


Today, was the final act in a five-month drama that has sent supposedly stable electricity generators on a rollercoaster share price ride.


Only back in April 2021

[ronaldson]

FMA coming calling. The tumbril is rolling and taking some poor bugger to the place of public execution.

[troyvdh]

Scary times.

[hogie]

Blackrock is like a vulture ... they smell blood ... tough times coming for NZ.

[ynot]

Blackrock is like a vulture ... they smell blood ... tough times coming for NZ.
A corporate vulture demands profit, Who do you think going to foot the bill for that profit ?

[thegreatestben]

https://www.nzherald.co.nz/business/stock-takes-could-a-weaker-milk-price-spill-into-the-sharemarket/TCDWEDJNWFCU7JUZG5SLP2FN7M/

[warthog]

Blackrock is like a vulture ... they smell blood ... tough times coming for NZ.

Yes, very tough. Labour/Greens destroyed NZ.

[ynot]

Yes, very tough. Labour/Greens destroyed NZ.
Nice going away prezzy from jacinda and skippy. Thanks for consulting us on this rubbish of an idea.

[GTM 3442]

Remember this - boys & girls:


https://www.goodreturns.co.nz/article/976518466/blackrock-dumps-1-billion-stake-in-meridian-and-contact.html

BlackRock dumps $1 billion stake in Meridian and Contact






Only back in April 2021


Just a reminder that "passive" index-following ETFs can actually be pretty d*mn "active".