MSCI is a company that makes money from financial products. So if they can make more money by offering a product tailored to extremists, then of course they will.
There is also an MSCI World Catholic Values if you prefer to be a Catholic extremist.
Why extremist? I'm a relatively strict Christian myself, but if you sort that heavily when investing, where do you stop? Then I would also have to withdraw my money from the bank so that they don't lend it to a nasty Satanist.
But hey, as long as MSCI is making money by double standards, why not? Maybe it makes the investors happy? Who am I to judge them?
There is also an MSCI World Catholic Values if you prefer to be a Catholic extremist.
Why extremist? I'm a relatively strict Christian myself, but if you sort that heavily when investing, where do you stop? Then I would also have to withdraw my money from the bank so that they don't lend it to a nasty Satanist.
But hey, as long as MSCI is making money by double standards, why not? Maybe it makes the investors happy? Who am I to judge them?
•
22
•
7Lun
@devnerd_daddy I agree with you that MSCI only wants to make money.
But to speak directly of extremism... I don't know.
There are people who don't want to invest in oil companies, others don't want to invest in the arms industry, and so on. Does that mean they are green?
Life is not just about making money, you can (in my opinion you should) also invest morally when investing.
And whether you don't want to support a country's economy is up to you.
But to speak directly of extremism... I don't know.
There are people who don't want to invest in oil companies, others don't want to invest in the arms industry, and so on. Does that mean they are green?
Life is not just about making money, you can (in my opinion you should) also invest morally when investing.
And whether you don't want to support a country's economy is up to you.
•
11
•@herrdoc In my opinion, there are differences. I don't invest directly in oil or weapons either, but I know that some of my actions on the stock market or in real life have to do with that and I accept that. I don't invest in China either, but I generally like the Chinese and if BASF trades in China, that's totally okay.
But we are talking here about people who openly propagate a "don't buy from Jews" lifestyle in their daily lives. We've had that here before and yes, that is extremism. And even if you leave that part out of it, it's still completely bigoted, because in today's interconnected world, you have to live alone in a cave if you want to push your ideals everywhere.
But we are talking here about people who openly propagate a "don't buy from Jews" lifestyle in their daily lives. We've had that here before and yes, that is extremism. And even if you leave that part out of it, it's still completely bigoted, because in today's interconnected world, you have to live alone in a cave if you want to push your ideals everywhere.
••
7Lun
@devnerd_daddy I don't think you can make a blanket statement that someone is against Jews if they are against Israel. I've spent half my life there and I know what it's like to live in the country if you don't belong to the "chosen" group. So I can understand why people don't want to invest in Israel.
And it's similar with Russia right now. Is it bad now that we are no longer investing in Russia?
And it's similar with Russia right now. Is it bad now that we are no longer investing in Russia?
•
11
•@herrdoc You can't say that across the board, but in this particular case you can. If I don't invest in Russia or China because they are unpredictable autocracies, then that is legitimate, understandable and objective. If I name an index "Islamic" and then suddenly a country is missing, you don't have to have much imagination as to why. It's just bigoted extremism.
••