Luis Davila's Weblog

Shareholder Activism in Current Economic Times

Dear friends,


It has been a long time! Lately I have been doing a lot of work on moving assets to socially responsible investments and practices. I think this is a timely issue given the current uncertainty in the financial markets. University and foundation endowment managers have especially moved to strategies such as proxy voting, shareholder activism, and mission and program-related investments. There has been a significant movement to “green” mutual funds and pensions. The climate crisis has definitely played a role in all of this, but great investment opportunities in green tech industries also encouraged investors to put money in these sectors.

Lately, I have been looking for ways to become a more active shareholder, thus getting more involved with my investment portfolio. One of the things I did was to move certain funds to a retail brokerage account. I decided to use as my broker, and thus far things have been going great. They even offer a referral program for new customers (you get 7 free trades – worth $7 each). My referral code is: VTXS2895. I encourage you think about getting into the market, and start advocating for strong regulation within corporations (especially banks) to avoid future meltdowns. If you do, don’t forget to use the code!!