Best Blogs of the Week #267
A midweek catch-up post detailing three interesting posts (not related to the French election)
BNY Mellon – The Pearl River Delta: the Achilles Heel of US protectionism – In our view, President Trump would need to introduce very stiff tariffs for any of this production to shift to the US, but the majority would probably still remain in China, leading to a rise in the end price instead.
SSgA – ESG Investing: One Size Does Not Fit All – For more benchmark-aware investors, a low carbon target index may be more suitable. For example, the MSCI ACWI Low Carbon Target Index assigns overweight positions to companies with low carbon emissions relative to sales and those with low fossil fuel reserves relative to market capitalization. The idea is to provide a lower-carbon exposure than that of the broad market.
WisdomTree – Stepping Up to BAT: Don’t Count It Out – … described the plan from House Speaker Paul Ryan and Rep. Kevin Brady as a comprehensive way to effectively replace the corporate income tax with a cash flow tax. This is a central feature of the border adjustment tax (BAT). The Ryan-Brady plan reduces rates, allows for immediate expensing of investments and moves to a territorial-based system.
