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But "Vanguard" is simply the sum total of all fund investors, since it has an inverted corporate structure.
by tanderson92 10y ago
But "Vanguard" is simply the sum total of all fund investors, since it has an inverted corporate structure.
- czinck 10y agoTrue, I got a little carried away with "Vanguard eating the world". I was just trying to get across the scale of 6% of the entire US stock market.
- tcoppi 10y agoIn terms of using equity to exercise voting rights, you complete give up those rights when you buy into an index fund. So to a large extent, the voting policies of Vanguard and other index fund managers can matter a lot, especially if they are easily persuaded by activist investors.
- qaq 10y agoThat inverted structure is BS you can only vote for people proposed by the management company for funds and in turn those people will vote for management company appointments. Whoever started this whole thing is still controlling it you just have an illusion of control. "Own nothing, but control everything."