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by boeingUH60 1030 days ago
Which is exactly what investors pay Fink and the BlackRock team to do. Most people don't have time to analyze and choose things to invest in, so they offload that responsibility to BlackRock in exchange for some fees. The system is working as intended.
1 comments

To me, the bigger issue is whether BlackRock just gets paid a fee to manage the portfolio composition, or whether they can also exercise voting rights on shares in their ETF.
They disclose all of what you're interested in: https://www.blackrock.com/corporate/insights/investment-stew...
Institutional investors have to option of retaining voting rights. About 1/4th seem to do so.

https://www.blackrock.com/corporate/about-us/investment-stew...