/biz/ - Business & Finance

BlackRock, Vanguard, and State Street Global Advisors index funds will continue to grow, and that voting in most significant public companies will come to be dominated by the future “Giant Three.”

> The Big Three have almost quadrupled their collective ownership stake in S&P 500 companies over the past two decades;

> They have captured the overwhelming majority of the inflows into the asset management industry over the past decade

> Each of them now manages 5% or more of the shares in a vast number of public companies

> They collectively cast an average of about 25% of the votes at S&P 500 companies.

The Big Three could well cast as much as 40% of the votes in S&P 500 companies within two decades.