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Yeah, I'm not sure if I understand correctly but if say Vanguard is the most popular provider of retirement funds and just buying the index ends up with them having 10% of all the companies on the S&P500 - do they actually have voting share power and the ability to influence how those companies operate in a significant way? I guess it seems like Vanguard does get to cast votes - and I saw an article from 2019 indicating that individual fund managers might be the ones casting votes: https://corporate.vanguard.com/content/corporatesite/us/en/corp/how-we-advocate/investment-stewardship/stewardship-in-action.html https://www.inquirer.com/business/vanguard-fund-manager-voting-right-independent-shareholder-proxy-20190429.html And it seems like for some funds they actually let the investors vote directly? https://investor.vanguard.com/investor-resources-education/article/empowering-everyday-investors-through-proxy-voting-choice WarpedLichen fucked around with this message at 02:30 on Apr 21, 2023 |
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Apr 21, 2023 02:25
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| # ¿ May 10, 2024 00:43 |
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