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Vanguard gives fund shareholders some proxy-voting power

vanguard proxy voting

Republicans have criticized the big asset managers over their proxy-voting practices.

Vanguard started Wednesday giving fund investors some say in proxy voting for shares they own in portfolio companies.

The pilot program, announced in November, applies to the firm’s $6.4 billion S&P 500 Growth Index Fund, $5.5 billion Russell 1000 Index Fund and $5.7 billion ESG US Stock ET

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