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Rating:Trade Groups May Disagree on Proxy Voting Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, March 11, 2013

Trade Groups May Disagree on Proxy Voting

News summary by MFWire's editors

The US Chamber of Commerce wants to curb the influence of proxy advisors, but mutual fund shops don't neccesarily agree, according to a Reuters report.

The Investment Company Institute has declined to say so far whether or not they agree with the Chamber's proposal.

"As with many issues where our members' interests overlap, we have appreciated the collaborative dialogue with the Chamber regarding proxy advisors," spokesman Mike McNamee stated, according to Reuters.

Three anonymous fundster executives, all from different shops, told reporter Ross Kerber that mutual fund companies were unlikely to support the Chamber's proposals.

For more details, check out the original article here

Edited by: Ben Geier


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