Index fund providers have come under fire from both left and right over their influence on US companies
ahead of investors’ financial returns, which they all deny. Progressive social activists, meanwhile, are angry that the money managers have been supporting a smaller share of shareholder proposals on climate issues than they did in 2021. The fund managers contend that the proposals have become tooBoth sides contend that the big providers have too much power because they hold as much as 20 per cent of the shares of many US companies.
BlackRock already gives institutional customers controlling $2.1tn in index assets the option of choosing how their shares are voted, and $555bn had done so by the end of March. In the retail pilot, IVV’s holdings will be voted in proportion to the share of investors who select each policy. The money manager is also working on a UK programme that will allow retail asset owners to vote, but it has not yet been rolled out to customers.
Danmark Seneste Nyt, Danmark Overskrifter
Similar News:Du kan også læse nyheder, der ligner denne, som vi har indsamlet fra andre nyhedskilder.
The real truth on 'Newcastle United offer club record £82m for Khvicha Kvaratskhelia'The real truth on 'NUFC United offer club record £82m for Khvicha Kvaratskhelia' NUFC
Læs mere »
Airport workers end dispute after voting to accept pay offerWORKERS at Glasgow Airport have brought a pay dispute to an end after voting overwhelmingly to accept an improved pay offer.
Læs mere »
Starfield fans think game's exploration will be better than SkyrimWith Starfield just around the corner fans can't wait to explore everything the game has to offer in just under two months
Læs mere »
Climate change is ‘here and now’, says Cambridge Zero DirectorWe spoke to Professor Emily Shuckburgh, a climate scientist and director of Cambridge Zero - Cambridge University's research unit which aims to offer responses to the climate crisis.
Læs mere »
Human Remains Trade Tied to Harvard Med School: What to KnowFederal investigators discovered a human remains trade with connections to Harvard Medical School and have arrested people in several states
Læs mere »
Festival to celebrate area's rich food and drink heritageA CHANCE to try dowsing and learn about water gods will be on offer at Scotland’s Beer and Berry Festival this year.
Læs mere »