3 Solutions for Index-Fund Voting
Improving upon current practices.
Last week’s column discussed index-fund voting. A handful of major fund companies--most notably, Vanguard, BlackRock (BLK), and State Street (STT)--possess enough shares of corporate America to swing close proposals their way, should those organizations vote in unison. And the power of index-fund providers is steadily increasing, thanks to their ongoing business success.
John Rekenthaler has a position in the following securities mentioned above: MORN. Find out about Morningstar’s editorial policies.