BlackRock, Goldman Join Racial-Justice Push in Muni-Bond Market
(finance.yahoo.com)https://finance.yahoo.com/news/blackrock-goldman-join-racial-justice-120000080.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuc3Rvcm1mcm9udC5vcmcv&guce_referrer_sig=AQAAAAGtbQxi8CPh304F5bMxazMFHbUIL4TKPil62cJ35awsezySolkSrAcEia45CiPL7CC81AjKn563RXXiDc3qOvVZ56VRPpbm1iLx4IpXxRugAY2g8gJLFR_M53a9oskWI9OLIKVgaTT0jjqdGB_ILMYdeD8JhkFlHw2pjDnPk0uz Five investment giants -- BlackRock Inc., Goldman Sachs Asset Management, Lord, Abbett & Co., Morgan Stanley Investment Management and Vanguard Group Inc. -- are working with two minority-owned underwriters, Loop Capital Markets and Siebert Williams Shank & Co., to develop and distribute a questionnaire that governments will be asked to fill out before new bond deals are arranged. It will ask about policing policies, efforts to combat race-based inequality, social services and the demographic breakdown of the government’s workforce, among other things.
