BlackRock Plans To Add Proxy Voting Choice To Its Largest ETF
Portfolio Pulse from Akanksha Bakshi
BlackRock Inc plans to expand its Voting Choice program to its largest ETF, the iShares Core S&P 500 ETF (IVV), subject to iShares Board approval. The expansion is expected to be in effect for the 2024 proxy voting season. This move will allow over three million IVV shareholder accounts and more than half of BlackRock's index equity AUM to participate in Voting Choice.
July 17, 2023 | 1:01 pm
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BlackRock's plan to expand its Voting Choice program to the iShares Core S&P 500 ETF could potentially increase investor engagement and influence over the company's decisions. However, the impact on the stock price is uncertain.
The expansion of the Voting Choice program could potentially increase investor engagement and influence over the company's decisions, which could be seen as a positive move by shareholders. However, it's uncertain how this will impact the stock price in the short term, as it will depend on the market's perception of this move and other factors.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100