Today in “we’re abiding by our fiduciary obligations by avoiding the hottest sector on Wall Street” news…
It was reported yesterday that New York’s state pension fund is going to be selling $238 million worth of stock and debt that it owns in 21 shale companies because they “have not shown they are ready to move to a low-emissions economy.”
Energy has been, by far, one of the best performing sectors of the market over the last 18 months.
