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BlackRock absolutely votes. The concern is arguably the _opposite_: in the index model ownership is concentrated in a few large institutions with very broad div
by matthewowen 4y ago
BlackRock absolutely votes. The concern is arguably the _opposite_: in the index model ownership is concentrated in a few large institutions with very broad diversification, which creates some odd incentives.
Matt Levine has a bunch of articles touching on this topic.
- cromka 4y agoBut ultimately the indices are incentivized by the underlying companies' growth, as to make their customers happy, thus it is in their best interest to take sane votes?