Consumers’ Research slammed Fink in a new digital ad exclusively obtained by FOX Business, which highlights the financial leader's kowtowing to "Chinese communists."
"Larry Fink wanted the world to think he was woke until we called him out for violating his fiduciary duty to America's pensioners. Now he's backtracking and claiming he's just a capitalist," Consumers’ Research executive director Will Hild told FOX Business in a statement.
"He's lying again, but his actions speak for themselves," Hild continued. "He's using American investment dollars to cozy up to Chinese communists and woke politicians, betraying the American consumer in the process."
The ad, which was released Thursday, torches Fink over his connections to China. Additionally, Consumers' Research created a website to expose Fink's different controversial political positions.
"He calls democracy ‘messy.’ Props up the Chinese Communist Party," the video says. "Praises [Chinese President] Xi and his regime, known for violent oppression."
"Invests in Chinese military companies," the video continues. "A defector? No. It’s BlackRock CEO Larry Fink, the CEO of a major American company that has gone all-in on China."
The ad ends by blasting both Fink and BlackRock as "taking your money" and "betting on China."
Consumers’ Research warned 10 state governors via a letter last December against doing business with BlackRock over the company's investments in China.
Hild sent the letter to the governors of Washington, Florida, New York, Nevada, South Carolina, Oklahoma, Pennsylvania, Montana, Nebraska and West Virginia – the 10 states with the top-10 state pension fund investments with BlackRock – to "raise awareness among American consumers that BlackRock is taking their money and betting on China."
BlackRock did not immediately reply to FOX Business' request for comment.
FOX Business' Audrey Conklin contributed reporting.