I hate to get political, but when people complain about something “woke,” they really should Google or use Wikipedia to find out what that means.
That being said, the push by the Department of Labor (DOL) for fiduciaries to be allowed to offer ESG funds on their plan’s lineup isn’t woke. I’m not in favor of ESG funds because I don’t think they offer the best return and no two fund companies have the same principles as what an ESG investment is. Rather than going political, I just wouldn’t offer it if I was that opposed to it. That’s it.
