FYI: The trend toward indexing could weaken governance at public companies, according to speakers Monday at Financial Advisor magazine’s Inside Alternatives conference in Denver.
“It’s a big issue today. ETFs and index funds 97 percent of the time vote for management” on proxies, and “what that’s done is create a hidden dilution,” said David Winters, chief executive and portfolio manager of the Wintergreen Fund, during a panel discussion at the conference.
Regards,
Ted
https://www.fa-mag.com/news/index-funds-may-concentrate-more-power-with-company-management-35346.html?print
