Can you be passive and still vote?

Smartshares chief executive Hugh Stevens says voting is a matter of stewardship. (Image: Supplied)

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...

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