Helsinki Capital Partners, the Finnish boutique fund manager, has decided to keep Facebook in its portfolio after a thorough analysis of the company's ESG record, HCP's portfolio manager Ernst Grönblom says.
HCP decided to investigate the feasibility of continuing to invest in Facebook equities after the ESG rating of Facebook was downgraded at the MSCI ESG database from BBB to BB in March last year. The conclusions of the analysis were published last week.
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