News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

Asset Management

BlackRock, Vanguard, State Street have Covid-19, climate change in sights for future showdowns

Funds of BlackRock, Vanguard and State Street Global Advisors collectively held nearly 20% of the S&P 500 at the end of March

BlackRock and other heavyweight investors were more willing to flex their muscles against companies in the past year, setting the stage for future showdowns over issues from board seats to climate-change disclosure.

BlackRock funds withheld support from 10% of board directors on company shareholder ballots, or more than 6,500 director election proposals, in the year ended in June.

WSJ Logo