Montana, Iowa, and Tennessee have launched investigations into whether the investment behemoth MSCI has engaged in Boycott, Divestment, and Sanctions (BDS) practices by issuing harmful ratings to companies over their Israeli ties, potentially encouraging clients away from investing in them.
As part of its environmental, social, and governance (ESG) scoring, MSCI flagged at least nine companies as controversial for doing business in Israel, a Jewish News Syndicate investigation found. In response, the three U.S. states are demanding MSCI turn over documents showing how Israeli ties affected ESG ratings or inclusion in any exchange-traded funds. They also demanded information about what the investment firm advised clients about doing business in the Jewish state or with Israeli parties.
MSCI manages some $5.4 billion in assets and offers investing guidance for clients. Investors who are socially conscious or fear getting flagged themselves may avoid putting money into companies marked with human rights concerns.
“My support for Israel will not waiver and neither will Montana’s. I’m deeply concerned by the reports of discrimination against Israeli companies,” Montana attorney general Austin Knudsen told the Washington Free Beacon. “Should we find MSCI has been involved in any illegal business practices, I will do everything in my power as attorney general to hold them accountable and continue to protect Montanans from unlawful and discriminatory business practices.” […]
— Read More: freebeacon.com
It’s becoming increasingly clear that fiat currencies across the globe, including the U.S. Dollar, are under attack. Paper money is losing its value, translating into insane inflation and less value in our life’s savings.
Genesis Gold Group believes physical precious metals are an amazing option for those seeking to move their wealth or retirement to higher ground. Whether Central Bank Digital Currencies replace current fiat currencies or not, precious metals are poised to retain or even increase in value. This is why central banks and mega-asset managers like BlackRock are moving much of their holdings to precious metals.
As a Christian company, Genesis Gold Group has maintained a perfect 5 out of 5 rating with the Better Business Bureau. Their faith-driven values allow them to help Americans protect their life’s savings without the gimmicks used by most precious metals companies. Reach out to them today to see how they can streamline the rollover or transfer of your current and previous retirement accounts.
