Last week BlackRock sent their clients a letter detailing the firm’s plan to expand proxy voting choices for certain clients. Beginning in 2022, BlackRock is taking the first in what it called “a series of steps to expand the opportunity for clients to participate in proxy voting decisions.” The new voting options will “first be available to institutional clients invested in index strategies… [accounting for] approximately 40% of the $4.8 trillion index equity assets” BlackRock manages.
To read more about BlackRock’s update, please click the link below: