CalSTRS CIO: Exxon in Danger of Being Next Blockbuster

The video discusses the market performance in 2021, highlighting the impact of COVID-19 and the Federal Reserve's actions. It covers the strong returns in the SNP and NASDAQ, and the challenges faced by diversified investors. The outlook for 2022 is predicted to be volatile with low single-digit returns. The video also explores the growing importance of ESG and climate change in investment strategies, particularly in big tech. Cal Sters' performance in 2021 is reviewed, noting the challenges in real estate and fixed income. Finally, the video addresses Exxon Mobil's board changes and the need for energy companies to adapt to survive.

What was a significant factor driving the 25% returns in the broad market in 2021?

• Increased consumer spending

• Federal Reserve's actions

• Technological advancements

• Global trade agreements

Which market segment is not included in the NASDAQ but performed well in 2021?

• Small cap value

• Emerging markets

• Developed markets

• Large cap growth

What is expected to be a major focus for ESG investments in 2022?

• Corporate governance

• Social responsibility

• Climate change

• Diversity and inclusion

What challenge is mentioned regarding real estate investments?

• Increased competition

• Vacant properties

• Rising construction costs

• High interest rates

What is the main concern of shareholders regarding Exxon Mobil's management?

• Lack of innovation

• Resistance to board changes

• Poor financial performance

• Environmental impact