Vanguard Expands Investor Choice Program to All U.S. Equity Index Products
Vanguard has announced the final phase of its 'Investor Choice' expansion, extending proxy voting capabilities to its entire lineup of U.S. equity index products. This move includes major holdings such as the Vanguard Morningstar Total Stock Market Index Fund and the Target Retirement suite. The expansion is set to take effect in early 2027. The initiative aims to democratize corporate governance by allowing individual investors, advisors, and retirement plan sponsors to influence how proxy votes are cast on their behalf. This brings the total eligible assets under the Investor Choice program to approximately $8.2 trillion. Vanguard reports significant momentum for the program, noting that participation has increased sixfold over the past year, with more than 500,000 investors currently participating. The expansion follows research indicating that a majority of investors desire more direct influence over how fund managers cast proxy votes.
Topics: Asset Management Investor Choice Proxy Voting Shareholder Rights
Read the full article at PR Newswire
Part of the story Vanguard Expands Investor Choice Program to All U.S. Equity Index Products (2 articles)