Blackrock expands proxy voting choice to more institutional investors

Aims to expand choice to retail clients

clock • 1 min read
Large investors have so far committed $530bn, or a quarter of the $2.1trn eligible assets, to voting their preferences.
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Large investors have so far committed $530bn, or a quarter of the $2.1trn eligible assets, to voting their preferences.

Blackrock is expanding the opportunity to participate in proxy voting decisions to institutional investors representing $2.1trn of passive assets, with the ambition to provide voting choice to all clients, including retail investors.

The Blackrock Voting Choice scheme, announced last October, is now available to a wider range of UK institutional clients and has been introduced to large Canadian and Irish investors for the first time.  Clients have so far committed $530bn, or a quarter of the $2.1trn eligible assets, to voting along their preferences, including $120bn added since the scheme went live in January 2022. "Our ambition is to make voting choice convenient and efficient for all investors, and we are working with policymakers and industry participants around the world to extend voting choice for our client...

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