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Vanguard to kick off proxy voting pilot for US index fund investors

The Pennsylvania-based asset manager will begin a pilot next year to assess how individual investors in the US can participate more directly in proxy voting

At the moment, Vanguard’s investment stewardship team casts proxy votes on behalf of equity fund investors
At the moment, Vanguard’s investment stewardship team casts proxy votes on behalf of equity fund investors Photo: Budrul Chukrut/Getty Images

Vanguard, one of the world's top three largest asset managers, will begin a trial next year to give individual US investors in several index equity funds more of a say in how votes are cast at annual shareholder meetings.

The move comes just over a year after rival BlackRock unveiled a similar programme to give some of its largest clients a direct say in the proxy voting process.

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