After announcing an ambitious green investment in New Zealand, it appears as if BlackRock, the world’s top asset manager, has made a rookie mistake.
BlackRock, which had US$8.59 trillion in assets under management as of December 31, 2022, currently awaits approval of its spot Bitcoin ETF from the Securities and Exchange Commission (SEC). The ETF is likely to be the first of its kind in the United States. So, one of the last things it needs is bad PR.
BlackRock Retracts Shareholder Notices for 11 Firms
Updates posted on NZX, the national stock exchange of New Zealand, on August 10, appear to show BlackRock retracting substantial shareholder notices regarding on several NZX-listed companies.
According to the New Zealand Herald, a BlackRock spokesperson said that administrative error had come into play. In the case of Vital Healthcare Properties Trust, BlackRock had not actually bought into the company, the spokesperson…
