Blue State pension $ > Red State pension $   

Public pension systems in states run by Democrats have more money than those in states run by Republicans, according to a review by HIP Investor, an ESG-focused rating agency, though analysts said the gap may not be enough to simplify how asset managers should position themselves to win government business. “Very few firms are purist when it comes to ESG, they are capitalist first,” said Neil Bathon, managing partner of funds researcher FUSE Research Network. While many firms will offer investment screens to clients who want them, being vocal about politicized issues can backfire, he said.

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Article published on September 18, 2023