[Ed. – Adults are not going to abandon their investment strategy or compromise their savings because some pencil-neck kid has an ax to grind.]
Lighting appears not to have struck twice with David Hogg’s call for a boycott of investment management companies Vanguard Group and BlackRock over their investment in gun manufacturers.
Unlike his call to boycott sponsors of Laura Ingraham’s Fox News show, which quickly went viral and led to more than two dozen companies to withdraw ads from “The Ingraham Angle,” the Parkland school shooting survivor and student activist hasn’t gained nearly as much traction at either firm since his tweet last Wednesday.
“No high-profile clients that I can think of left BlackRock as a result of it,” one BlackRock employee told TheWrap. “It’s definitely not water-cooler talk.”
At Vanguard, one company employee told TheWrap, the situation “remains kind of the same as what it has been in previous months.”
And while Vanguard has noted that its investment options include an FTSE Social Index Fund that specifically “excludes gun manufacturers,” the company insider said there had been no noticeable increase in requests for that fund in the last week.