Stocks with unequal voting rights may lose out on passive fund flows, Goldman says

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Stocks with unequal voting rights may lose out on passive fund flows, Goldman says
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Firms that go public are increasingly choosing to issue multiple classes of shares with unequal voting, even though that restricts them from being included in some major stock tracking indexes. That will deny them access to the massive amounts of capital flowing from passively managed funds, Goldman Sachs points out.

 

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