Frankfurt The world’s largest asset managers also want to strengthen direct shareholder democracy in the rapidly growing index funds. For this reason, Blackrock boss Larry Fink has now drawn a positive interim assessment of the “Voting Choice” program launched a year ago in a customer letter.
It is a digital tool that investors in index funds can use to tell the investment advisor Blackrock which voting options they want to choose. It can also be about how Blackrock should vote at general meetings of individual companies. Participation in Voting Choice is of course only possible for companies that are also included in the index.
Blackrock boss Fink rated the new digital tool as very positive and announced a broad expansion of the initiative for all small investors in the future. This would also enable private investors to have a say in the program in the future.
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