BlackRock to extend proxy voting to retail investors in largest ETF

The expansion of voting choice for the ETF would bring $2.3trn of BlackRock's total index equity AUM in scope for participation in BlackRock Voting Choice, more than half of its index equity AUM globally. BlackRock has joined fellow passive giants State Street and Vanguard in experimenting with ways to involve ordinary investors in voting on shareholder proposals, at a time when their collective influence on US companies has come under fire from both left and right. Morningstar: Vanguard voted against most civil rights, racial equity and environmental resolutions Investors in B...