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The elusive shareholder
(lemmy.world)
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Don't be mean. I promise to do my best to judge that fairly.
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.
The fund is a product