Blackrock Vanguard. Together they form an immense network comparable to a pyramid. These are the worlds biggest investment firms so Pepsico and Coca-Cola are not competitors at all.
Together they form an immense network comparable to a pyramid. BlackRock is a late mover relative to Vanguard and Fidelity. In turn Blackrock has been called the Fourth Branch of Government by Bloomberg as they are the only private firm that has financial agreements to lend money to.
This is the first time Vanguard has surpassed BlackRock a close second with coal holdings valued at more than 84 billion.
These are the worlds biggest investment firms so Pepsico and Coca-Cola are not competitors at all. Fidelity administers 104 trillion and manages 41 trillion. And the same goes for the other packaged food companies. So Pepsi and Coca-Cola are anything but competitors Gielen says.