The oldest consumer advocacy group in the US sent a letter to 10 governors bashing BlackRock for investing state pension money into Chinese markets
December 3, 2021
https://markets.businessinsider.com/news/stocks/consumer-advocacy-group-blasts-blackrock-chinese-investments-markets-pension-funds-2021-12
Later today, Consumers’ Research, the nation’s oldest consumer advocacy organization, will issue a Consumer Warning focused on the world’s largest money management firm, BlackRock.
The warning is meant to raise awareness among American consumers that BlackRock is taking their money and betting on China.
In so doing they are putting American security at risk, along with billions of dollars from U.S. investors, including many state-run pension plans.
I wanted to make sure that you were aware that your state is one of the top ten states whose public pension funds are invested in BlackRock and, therefore, potentially at risk based on the issues we outline in our Consumer Warning.
The Honorable Ron DeSantis, Governor, State of Florida
The Honorable Greg Gianforte, Governor, State of Montana
The Honorable Pete Ricketts, Governor, State of Nebraska
The Honorable Steve Sisolak, Governor, State of Nevada
The Honorable Kathy Hochul, Governor, State of New York
The Honorable J. Kevin Stitt, Governor, State of Oklahoma
The Honorable Tom Wolf, Governor, State of Pennsylvania
The Honorable Henry McMaster, Governor, State of South Carolina
The Honorable Jay Inslee, Governor, State of Washington
The Honorable Jim Justice, Governor, State of West Virginia
December 2, 2021
https://consumersresearch.org/wp-content/uploads/2021/12/CR-Letter-to-Governors-on-BlackRock-Consumer-Warning.pdf