Increased Investor Control Over Passively Managed Funds
This new law aims to give individual investors more say in how their money in passively managed funds is handled. Investors will now have the right to vote on company matters that were previously decided by fund managers, potentially influencing how large corporations are run.
Key points
Investors in passively managed funds will gain the right to vote on matters concerning the companies their fund invests in.
Passive fund managers will be required to provide voting materials and collect instructions from investors.
The act seeks to enhance transparency and accountability in investment fund management.
Expired
Citizen Poll