eToro chases activist investors with new proxy votes push
The broker's 35 million global investors will have an increasing say in the direction of ASX companies, with its managing director laying down the gauntlet for super funds.
Investors are increasingly demanding more of corporate Australia and their voices are about to get even louder as eToro's 35 million global users become eligible for ASX voting rights.
The Israeli-founded investment platform has extended proxy voting to all Australian company shareholders on its platform, Capital Brief can reveal, as it seizes on growing disquiet amongst retail traders.
“Millennial and Gen Z investors in particular want these companies to share their values – and if they want to have an impact, they need to have a vote.” eToro Australia managing director Robert Francis said.
"They can now use an app and know their vote has been counted and hasn't got lost in the mail."
