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My point was that Vanguard et al have massive power, but they are not using it, e.g. https://www.reuters.com/article/us-usa-funds-index-specialreports/special-r
by mopsi 6y ago
My point was that Vanguard et al have massive power, but they are not using it, e.g. https://www.reuters.com/article/us-usa-funds-index-specialreports/special-report-index-funds-invest-trillions-but-rarely-challenge-management-idUSKBN1WN107 https://www.reuters.com/article/us-usa-funds-index-specialre...
- sokoloff 6y agoI would expect the overwhelming majority of actively managed funds to vote with management recommendations. If they didn’t agree with management, it’s much quicker and more effective to decline to invest rather than invest and then vote against them.