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March 28, 2006
Data on Mutual Fund Voting
The WSJ today, in a nice article by Jennifer Levitz, "Do Mutual Funds Back CEO Pay?", reported on the voting patterns of mutual funds on shareholder resolutions dealing with executive compensation issues. The information not surprising -- mutual funds back executive pay proposals over shareholder limitation proposals -- but the fact that we have it is. The SEC new rules on transparency in mutual fund voting are paying dividends. We will enjoy much more of this information in the future.
March 28, 2006 in Investing | Permalink
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Comments
I think the article is useless. If the fund is actively managed they shold not own the stock unles they like the management. If it is passively indexed, they should not spend time or postage voting.
Posted by: Robert Schwartz | Mar 28, 2006 9:30:06 PM
