What the Rise of Indexing Means for Corporate Governance
Reynolds Holding
DECEMBER 11, 2022
Domestic passive funds and ETFs now manage more than half of all assets under management (AUM) of domestic equity mutual funds and ETFs, and the Big Three passive fund managers (BlackRock, State Street, and Vanguard) cast over a quarter of the votes in S&P 500 companies. ENDNOTES. [1] 1] E.g., Bebchuk, L. Hirst (2019). Hamdani, and S.
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