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Re: [sharechat] FFS - CNIFP vote

From:	"tennyson@caverock.net.nz" <tennyson@caverock.net.nz>
Date:	Sun, 18 Aug 2002 00:07:49 +0000

Hi Viewpoint,

> 
>Probably the institutions didn't bother vote.
> 
>Or maybe a passive index tracking fund manager 
>means just that.
>
>

Interesting observation.   Frankly I'd be surprised if the passive 
fund managers have the staff to bother to take an interest in the 
voting.  My vision of the passive fund manager is some guy pulling 
out his newspaper at the end of the week and copying the shareprices 
into his spreadsheet.  The spreadsheet tells him how far  wide of the 
index he is and hence which shares need to be bought or sold.

Can anyone fill us in on what really happens with these 'passive fund 
managers'?

SNOOPY



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References

[sharechat] FFS - CNIFP vote Viewpoint .

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