Holders of Last Resort: The Role of Index Funds and Index Providers in Divestment and Climate Change

Patrick Jahnke

2019 | Academic | Climate, Divestment, Funds

This paper investigates the relationship between index providers and index funds and finds the traditional understanding that index investors cannot sell to be false. Instead an increasing prevalence of index investors switching both indices and index providers is noted. Such changes provide investors with the opportunity to exclude specific stocks.