Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Do investors receive the voting rights associated with the underlying stocks?

April 26, 2017associated investors Rights stocks underlying voting

0

Posted

Do investors receive the voting rights associated with the underlying stocks?

1 Answer

0

Posted

Provided that the index ETF is a registered investment company, the voting rights are held by the fund managers, not the fund shareholders. For those funds that are not registered investment companies, such as HOLDRs, the fund arranges for the delivery of proxy material to the investors, who do have voting rights associated with the underlying securities in the HOLDR trusts.