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Mutual Funds

Today the US government announced that it would inject $250 billion into the US banking system by buying large stakes in nine banks: Citigroup, JPMorgan Chase, Morgan Stanley, Goldman Sachs Group, Bank of America Corp, Merrill Lynch & Co, Wells Fargo & Co, State Street Corp and Bank of New York Mellon.  Eight of these […more…]

1.6 million mutual fund votes analyzed from disclosures made by 31 August 2008 40 mutual fund families profiled on 2008 votes 600,000 votes on shareholder-sponsored resolutions over 5 years broken down into categories 10.5 million US mutual fund proxy voting records analyzed over five years Average support for management resolutions at 90%, stable over 5 […more…]

In the first summary of how mutual funds voted in 2007, compares 54 large funds. Funds’ votes on management- and shareholder-sponsored resolutions are tallied and funds are ranked on their ‘activism’ in these two areas. Drawing on a database of over 7.5 million voting decisions, funds’ 2007 voting records were compared with previous years […more…]

Shareholder support for Global Warming shareholder resolutions has been creeping up over the past three years. In 2006 a climate change resolution achieved a record 39% support by shareholders. This was put forward by the Nathan Cummings Foundation at Standards Pacific Corporation. A recent article by Bill Baue of SocialFunds entitiled Mutual Funds Inch Toward […more…]