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Blackrock and Vanguard are just intermediaries, they do not actually own the shares in their ETFs, they manage the assets on behalf of clients.
by flurben 5y ago
Blackrock and Vanguard are just intermediaries, they do not actually own the shares in their ETFs, they manage the assets on behalf of clients.
- narrator 5y agoThey could easily exert any kind of pressure on these companies though. For example, Blackrock was given exclusive access to do wealth management in China recently[1]. It's one of the few western financial institutions allowed to do so. What kind of influence do you think the Chinese government exerts on Blackrock in exchange for this privilege? [1]https://www.nasdaq.com/articles/blackrock-expands-china-footprint-with-wealth-management-licence-2021-05-12 https://www.nasdaq.com/articles/blackrock-expands-china-foot...