Vanguard is pulling out of the top financial alliance on fighting climate change at a time when US Republicans have stepped up their attacks on financial institutions they say are hostile to fossil fuels. With $7.1 billion under management and more than 30 million clients as of October 31, Vanguard is the world’s second-largest fund …
Vanguard leaves the climate alliance as part of the Net Zero project Read More »
Vanguard, the world’s second-largest mutual fund and exchange-traded fund manager, is pulling out of a major financial industry alliance designed to fight climate change, the company announced on Wednesday. Vanguard, in a statement, said it would monitor its progress independently of the alliance, in an effort to provide “clarity” to its investors. Some environmental groups …
“Anti-awakening” reaction? Fund giant Vanguard quits net zero climate alliance Read More »
Amid stubbornly high inflation, a record proportion of Americans are turning their 401(K) accounts into emergency piggy banks, according to Vanguard. Dissecting data from a sample of about five million employer-sponsored 401(k) accounts that Vanguard manages, the researchers said that 0.5% made hardship withdrawals in October. It’s a “worrying” all-time high, said retirement savings and …
401(k) Hardship Withdrawals Hit an All-Time High of ‘Worrying’, Says Vanguard Read More »
