Subscribe today - find out more
Why you should consider BusinessDesk
Opinion

Can you be passive and still vote?

Jenny Ruth
Mon, 05 Jul 2021

Smartshares chief executive Hugh Stevens says voting is a matter of stewardship. (Image: Supplied)
Jenny Ruth
Mon, 05 Jul 2021
Can a manager manage a passive index-hugging fund and still vote its shares, or does the act of voting make them an active manager?That's not just snark: the fact is, more and more managers of passive funds are voting the shares they manage.New Zealand's own manager of exchange-traded passive funds, the NZX-owned Smartshares, used to follow the passive rule.But it quietly reversed that in mid-December and solved the need to remain passive by outsourcing most voting decisions to Australia-based proxy advice firm CGI Glass Lewis."Pre...

Use the information you’ve already given Google to create your subscription.

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Boats
Dalton blinks: Auckland back in the America’s Cup hunt
Pattrick Smellie | Fri, 17 Sep 2021

Plans to announce an offshore host city for the 37th America's Cup are on hold as two of the three rumoured bidders baulk.

Coronavirus
Bar owner borrowed $30k to cover wage subsidy delays
Michael Andrew | Fri, 17 Sep 2021

Shaneel Sudhakar faced a 22-day delay in payment of the wage subsidy.

Opinion
Bridgecorp’s death knell a timely warning
Paul McBeth | Fri, 17 Sep 2021

A new generation of investors would do well to wander through the corporate graveyard of yesteryear.

Sponsored
Demand driven change an easier route to carbon reduction

Taking a demand-driven approach to carbon reduction will naturally bring us into line with government targets.

Sponsored
Kiwi security technology leading the world

Businesses must take advantage of our home-grown, world-leading, internationally-valued cyber defence systems to manage risk.