Tommelot comments on The elusive shareholder

The elusive shareholder (lemmy.world)

submitted 4 months ago by The_Picard_Maneuver@lemmy.world to c/curatedtumblr@sh.itjust.works

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[–] Tommelot@lemmy.world 31 points 4 months ago (3 children)

Technically speaking you're not the shareholder, but the fund is. You cannot get voting rights from owning ETFs.

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[–] Bassman1805@lemmy.world 7 points 4 months ago (1 child)

Well, you're a shareholder in that fund. The fund is a shareholder in the end companies.

In practice, this means Vanguard/Fidelity/Schwab/etc have people whose job it is to research and vote in shareholder meetings for the companies where the fund has significant ownership. That's a big part of what the fund's expense ratio is paying for.

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[–] ParlimentOfDoom@piefed.zip 1 point 4 months ago

Many of them do, in fact, extend the ability to vote for your weighted portion to you.

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