Vanguard says shareholders can vote for profits over ESG issues

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The story "Vanguard says shareholders can vote for profits over ESG issues" was covered 13 hours ago by Financial Times, a news publisher based in United States.

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Financial Times 13h ago

Vanguard says shareholders can vote for profits over ESG issues - Financial Times

Quick Summary:

So far, nearly half of Vanguard investors who expressed a preference have told the fund company to use its best judgment and vote for them.

Three times as many US investors own mutual funds through retirement accounts as through other means, according to the Investment Company Institute.

The Pennsylvania-based fund manager said it was also working towards letting investors who own their shares through retirement accounts to participate, which would vastly expand the programme’s potential reach.