Malvern-based Vanguard Group has expanded its Investor Choice program by adding 17 funds representing around 2 million eligible investors, giving them a voice in corporate governance matters, writes Jeff Blumenthal for the Philadelphia Business Journal.
The initiative allows individual investors in equity index funds and exchange-traded funds to decide how their shares are voted on company oversight issues.
This expansion brings the total number of funds in the investment giant’s Investor Choice program to 32, with 22 million eligible investors now participating in the initiative. The latest addition raised eligible assets by $200 billion, pushing the total to more than $3.6 trillion.
This marks the fifth expansion of Vanguard’s program, which the firm describes as the largest proxy voting choice program in the world.
The initiative was first launched in February 2023 to give some investors the ability to align their proxy votes with their personal values, in part due to strong demand and the increasing polarization surrounding ESG issues.
Run in partnership with Broadridge Financial Solutions, the program saw growth in 2024 and again in 2025, when it more than doubled participation, according to David Reiner, head of Vanguard Investor Choice.
Read more about Vanguard Group and the development of its Investor Choice program in the Philadelphia Business Journal.
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