Jonathon Zytnick presenting an original paper in the Business Law Seminar.
Abstract Although mutual funds have distinctive voting patterns, little is known about whether their votes reflect their underlying investors’ preferences. I use novel proprietary data on individual shareholder voting and fund ownership to compare the voting preferences of individual investors to those of their funds. Fund votes have no relation to the votes of their underlying customers, with the sole exception of sorting by ideological individuals into small, like-minded ESG funds. Limited attention provides some explanation for the minimal ideological sorting: investors choose investments, both equities and funds, based on the investments’ blunt ideological features but not on subtle features.
\n\nIf you need an accommodation to participate in this event, please contact the event sponsor or the Texas Law Special Events Office at specialevents@law.utexas.edu no later than seven business days prior to the event. Speaker: Jonathon Zytnick, P, Georgetown X-ALT-DESC;FMTTYPE=text/html:Jonathon Zytnick presenting an original paper in the Business Law Seminar.
Abstract Although mutual funds have distinctive voting patterns, little is known about whether their votes reflect their underlying investors’ preferences. I use novel proprietary data on individual shareholder voting and fund ownership to compare the voting preferences of individual investors to those of their funds. Fund votes have no relation to the votes of their underlying customers, with the sole exception of sorting by ideological individuals into small, like-minded ESG funds. Limited attention provides some explanation for the minimal ideological sorting: investors choose investments, both equities and funds, based on the investments’ blunt ideological features but not on subtle features.
If you need an accommodation to participate in this event, please contact the event event sponsor or the Texas Law Special Events Office at specialevents@law.utexas.edu no later than seven business days prior to the event.
Speaker: Jonathon Zytnick, P, Georgetown LOCATION:TNH 3.124 - Neathery Classroom URL:http://law.utexas.edu/calendar/2025/01/21/80739/ CLASS:PUBLIC STATUS:CONFIRMED END:VEVENT END:VCALENDAR