FYI: "the largest passive investors aren’t afraid to throw their weight around when it suits them. The industry’s three kingpins are realizing that their investors and clients want to see a bit more action in engaging with management. Vanguard, BlackRock, and State Street together control three-quarters of all the money in passive funds, including 82% of ETF assets. All three have recently bolstered their shareholder engagement teams and made their interactions with management more publicly accessible.”
Regards,
Ted
http://ritholtz.com/2017/07/passive-investors-new-shareholder-activists/
