RE:RE:Peter Tertzakian: This oil bull market is already a cash-floMany folks don't like the comparison to tobacco, but they were the original ESG sin sector. Noting tho that a large percentage of the mutual/institutional mentioned are dominated by Vanguard, Capital Research and Blackrock. Many others are less than 1%, but my assumption is that they would be required index holdings.
Conclusion might be that part of shareholder base will be forced as long as the issues are part of an index. This is a material and stable base given the hundreds/thousands of index funds.
And honey will always attract both bees and flies - there will always be large investors without scruples that are after a return.
Institutional investors hold a majority ownership of MO through the 60.27% of the outstanding shares that they control. This interest is also higher than at almost any other company in the Tobacco industry.
| Mutual fund holders | 38.59% |
| Other institutional | 21.68% |
| Individual stakeholders | 0.66% |
Oldnagger wrote: Just a random thought after reading this article, could it be that as instutional investors are pushed out by ESG pressures, that they are being replaced increasingly by retail investors ? This would help explain several things, including lower share price evaluations relative to fundamentals, increased volatility and increased susceptibility to manipulation , i.e. thru forced limit stop loss selling ?
What do you guys think? And what do you think should be done about it ?