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Old 09-12-2017, 04:20 PM   #4
st jimmy
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Join Date: May 2016
Location: Amsterdam, Netherlands
Posts: 2,299
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BlackRock, Vanguard, and State Street together control 75% of all the money in passive funds, including 82% of ETF assets (ETF: Exchange-Traded Fund).
In 2016, BlackRock and Vanguard voted with management on compensation-related shareholder proposals 98% of the time, and State Street 84%.
Their focus is on behind-the-scenes deals. According to Vanguard’s Glenn Booraem:
By the time the issue gets to the ballot, shareholders are left with a binary choice.
By having ongoing discussions, we can get into the shades of gray that are often directionally consistent with the shareholder proposal, but better reflect our views.
While BlackRock and Vanguard have publicly announced their commitment to environmental issues, in reality they have always voted against climate-related shareholder proposals - with the exception of one vote against ExxonMobil management. This only happened after ExxonMobil over several years had declined the BlackRock money manager’s repeated requests to discuss the policy:

Four of the 10 ten biggest companies in the world are from the USA – 1 Wal-Mart Stores, 8 Berkshire Hathaway, 9 Apple, and 10 Exxon Mobil:

Major shareholders in Wal-Mart include – Vanguard, BlackRock and State Street:
(archived here:

Major shareholders in Berkshire Hathaway include - Fidelity (FMR):
(archived here:

Major shareholders in Apple include - Vanguard, BlackRock, State Street and Fidelity (FMR):
(archived here:

Major shareholders in Exxon Mobil include – Vanguard, BlackRock and State Street:
(archived here:

Vanguard is by far the biggest growing investment fund over the last 3 years. Vanguard funds gathered an additional $823 billion from 2014 to 2016. All of the 4,000 other investment firms combined took in just a net $97 billion during that same period. In other words, Vanguard scooped up about 8.5 times as much money as all of its competitors…
Vanguard’s assets under management have skyrocketed from $1 trillion, 7 years ago, to $4.2 trillion. About $3 trillion of this is invested in “passive” index-based strategies, with the rest in “active” funds. These days, Vanguard’s traders funnel up to $2 billion a day into a variety of stocks from the biggest to thousands of smaller companies – that’s 20 times Vanguard’s daily investments in 2009.
In February, March of this year, 90% of the money invested in a United States mutual fund or E.T.F. was absorbed by Vanguard:
(archived here:

Last edited by st jimmy; 09-12-2017 at 04:21 PM.
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