Shareholder activism making inroads into ETF space remains a contentious topic for companies. Proponents of environmental, social and governance (ESG) products say investors are pushing corporations to pay more attention to broader social issues. Others, such as Strive Asset Management, say companies should stick solely to earning profits.
“Our perspective is that U.S. energy companies should be focused on drilling on fracking, on doing whatever allows them to be most successful over the long run,” Vivek Ramaswamy, executive chair of Strive Asset Management, told Bob Pisani on CNBC’s ‘ETF Edge’ on Monday.
“Without regard to any other political, social or environmental agenda,” he added. “Leaving politics to the politicians.”
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