Can you be passive and still vote?

Can you be passive and still vote?
Smartshares chief executive Hugh Stevens says voting is a matter of stewardship. (Image: Supplied)
Jenny Ruth
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...

More Opinion

The Macro Series: All about economists
Opinion

Simon Robertson: The Macro Series: All about economists

Economists should be bold and make big predictions.

NZSA: fighting for shareholders
Markets

Oliver Mander: NZSA: fighting for shareholders

CEO pushes back at criticism its 'lost its way'.

Oliver Mander 27 Aug 2025
Councils’ innovation dilemma
Opinion

Peter Griffin: Councils’ innovation dilemma

Our major cities still have the ingredients to be tech talent and investment centres.

Peter Griffin 27 Aug 2025
KiwiSaver is leaking
Opinion

David Chaplin: KiwiSaver is leaking

If KiwiSaver keeps drifting away from its purpose, it might as well not exist at all.

David Chaplin 26 Aug 2025