(Joshua Paladino, Headline USA) The Make America Great Again fund, which invests exclusively in companies that support Republican values, has outperformed globalist-backed Environmental, Social and Corporate Governance funds by 15%, an impressive performance by any measure and more so because of increasing government mandates that promote ESG investing.
Despite the MAGA fund’s outperformance, the Biden administration wants to invest pensions and 401(k) retirement accounts in the ESG funds, the Daily Mail reported.
President Joe Biden, the World Economic Forum and the entire globalist cabal support ESG funding because the companies in it will support the transition to one-world government.
The MAGA fund, formally known as Point Bridge Capital, has $1.45 billion in assets and even managed to outperform the S&P 500 by 13%.
Former President Donald Trump instituted a rule at the Labor Department that required pension-fund managers to invest in funds that would yield the best dividends, no matter the political affiliation of the companies in them.
But the Biden administration changed the rule so that retirement funds benefit political allies rather than workers and retirees, according to the Discern Report.
MAGA fund founder Hal Lambert, who used to work for Credit Suisse and JP Morgan, said his portfolio has succeeded because he focuses on returns rather than “woke nonsense.”
Lambert said ESG funds support companies that want to give more power to the United Nations to turn the United States into a socialist nation.
“The movement is not based on investment principles,” he said. “They’re pushing it to change the culture of corporate America that will ultimately hurt investors.”
Florida Republican Gov. Ron DeSantis has led the anti-ESG movement at the state level. He directed the state’s chief financial officer to pull $2 billion in retirement funds from Black Rock. Ten Republican states followed suit.
Senator Tom Cotton, R-Ark., introduced a bill to reverse the Biden administration’s rule.
“Retirement plans should prioritize investments with the highest return, not ESG scams,” he said.
