• Tommelot@lemmy.world
    link
    fedilink
    English
    arrow-up
    33
    arrow-down
    2
    ·
    9 days ago

    Technically speaking you’re not the shareholder, but the fund is. You cannot get voting rights from owning ETFs.

    • Bassman1805@lemmy.world
      link
      fedilink
      English
      arrow-up
      8
      arrow-down
      1
      ·
      9 days ago

      Well, you’re a shareholder in that fund. The fund is a shareholder in the end companies.

      In practice, this means Vanguard/Fidelity/Schwab/etc have people whose job it is to research and vote in shareholder meetings for the companies where the fund has significant ownership. That’s a big part of what the fund’s expense ratio is paying for.