Many of the world’s largest investment firms have launched new funds over the past couple of years aimed at acquiring or building single-family homes to use as rentals. This comes as no surprise considering that the increased cost of buying a home has forced many Americans into being tenants instead of homeowners.
The controversy over investment titan BlackRock's focus on environmental, social and corporate governance (ESG) issues is heating up, after Texas state lawmakers subpoenaed the company's records in a probe into the issue.