RIABiz | Vanguard Dishes Out Big Tax Bill
RIBiz's Oisin Breen picked up my story on Vanguard funds that are poised to pay out capital gains in December despite showing big losses this year. (Thanks!) He added some nice context around flows into ETFs and out of mutual funds too.
Oisin also discussed Vanguard's move to allow mutual fund shareholders to vote the proxy statements from the companies that are held by the fund. Which means that if you don't want Vanguard to vote on your behalf (which is how it currently works), you'll have the option to cast your own votes.
I'll have more to say on this in the months ahead but starting in 2023 Vanguard will be testing this on a limited basis--it'll only be available to shareholders of certain stock index funds. More to come.
You can see Oisin's full piece here: