State Street SPDRS proxy - proposed changes

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Topic Author
lorneabramson
Posts: 64
Joined: Tue Jul 29, 2008 10:07 am
Location: Burlingame, California

State Street SPDRS proxy - proposed changes

Post by lorneabramson »

Topic Author
lorneabramson
Posts: 64
Joined: Tue Jul 29, 2008 10:07 am
Location: Burlingame, California

Post by lorneabramson »

Additional comment: #3 interesting (prompted by hiring Nuveen for their muni bond ETF's, I presume); #4 seems similiar to recent Vanguard and DFA proxy changes

3. To approve a “manager of managers” structure for all SPDR Funds, which would permit the SPDR Funds to hire and replace sub-advisers without incurring the expense
of a shareholder meeting;
4. To approve eliminating or reclassifying certain fundamental policies and restrictions for all SPDR Funds, and to update and standardize your SPDR Funds’ investment policies to allow the SPDR Funds to serve your needs most effectively and efficiently in today’s market environment
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