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Helsinki Capital Partners decides to hold on to Facebook following the deletion of fake accounts

The Finnish boutique fund manager notes that social media is an industry in its infancy, which institutional investors can still shape. Historically, the introduction of new forms of media has triggered suspicion and even moral panic, portfolio manager Ernst Grönblom says to AMWatch.

Ernst Grönblom has been at Helsinki Capital Partners since October 2009. | Photo: PR

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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