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Passively-managed funds are increasing their exposure to fossil fuel firms
Passive funds now represent more than 40% of all fund ownership in the fossil fuel sector, sparking concerns that they are becoming “holders of last resort”, according to a think tank.
Research by Common Wealth found that passive funds are increasing their exposure to fossil fuel firms "even as the actively-managed sector has begun to retreat". The report, ‘The Passive Revolution',...
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