Asset owners welcome BlackRock move to offer proxy say on passive and pooled funds

Experts say such developments ‘are a great way for asset managers to get more aligned with asset owners on their investment and stewardship strategies’

Pension funds and institutional investors on both sides of the Atlantic have welcomed BlackRock’s announcement that it will give asset owners a say on proxy votes across up to 40% of its index equity holdings.

The asset management giant, which holds $4.8trn in index equity assets,…

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