4 ms·
Wrong. If you own VOO or VTI, you don’t get to vote on the underlying assets.
by quickthrowman 4y ago
Wrong. If you own VOO or VTI, you don’t get to vote on the underlying assets.
- bombcar 4y agoIf you care about voting don't own the ETFs and instead own the funds directly?
- Enginerrrd 4y agoIt's not so much about that as an individual, but rather, is it good for the market that the managers of these index funds that just pass through ownership of the asset really get such powerful voting rights? To make it even weirder, I believe these funds are sometimes bought by public pension fund managers and the like. So it feels oddly corrupt.
- bombcar 4y agoBogle himself commented on it in his later years - managers capitalism - by managers for managers, not for the employees or the owners. http://johncbogle.com/wordpress/wp-content/uploads/2019/08/niri-6-03.pdf http://johncbogle.com/wordpress/wp-content/uploads/2019/08/n...