Passive Investing Giants Defend Themselves Against Charges Of Being "Evil"

Are passive investors good stewards of corporate responsibility? A widely read Atlantic article, cited by a corporate governance panel at the Morningstar ETF Conference in Chicago, wondered aloud if passive investors “are evil.” Not so say representatives from passive goliaths Vanguard Group, Blackrock Inc and State Street Global Advisors. As passive investing is growing at historic levels, these passive managers are quick to point out that their engagement of management and the corporate board, voting against them at times, has made a difference in a variety of topical issues from gender equality to climate change.

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Study, citing airline industry data, says passive investing leads to anti-competitive behavior