Goldman Sachs is on the defensive in Venezuela after it bought bonds that had been held by the struggling country’s central bank in a transaction the opposition decried as a lifeline to President Nicolás Maduro’s administration.
Goldman Sachs bought about $2.8 billion in Venezuelan bonds that had been held by the oil-rich country’s central bank, a lifeline to President Nicolás Maduro’s embattled government.
Investing often creates a dilemma over goals: Should we aim to do well or to do good? Nowadays, it is emerging markets as an asset class that should make people morally queasy, owing to Venezuela’s outsize role in driving the performance of index funds.
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