Asset Management

How a small group of BlackRock analysts speaks for millions of investors

The firm’s investment stewardship team votes on $4.6tn worth of shares for passive investors; ‘it can feel like a lot of power’

Monday 20 June 2022 at 07:17

BlackRock casts votes on tens of thousands of proxy proposals a year. The responsibility rests with a team of about 70.

Millions of people are invested in the stock market through BlackRock’s index-tracking funds. As these passive investments have grown in popularity, so have the firm’s stakes in 13,000 companies world-wide. And so has the clout of BlackRock’s investment stewardship team.