What you say is true, but you make it sound like it’s controlled only by a shadow group, which is not exactly the case. Small owner investors still have a say, even though they may be outvoted at shareholder meetings. You can’t say that “Vanguard is owned by a shadow group.” You can say that “Vanguard may be majority owned by shadow groups.” The difference is there is a part, however small, that is owned by small investors. The other thing is that if large corporations “own funds” in Vanguard, you don’t know if they consist of employees’ 401ks, in which case, the employees own the funds, not the corporation.
I don’t understand your comment that some mutual funds have more say than others. Someone who invests $100k in 5 funds vs. someone who invests $100k in one fund still has the same number of votes, since all the funds are counted together for the portfolio account balance. The funds have different objectives and risks: international stocks, international bonds, US stocks, US bonds, plus others, such as the Wellington fund, which are a mix of stocks and bonds. Each fund is made up of large numbers of entities, so they are balanced in terms of risk. The prospectus booklets for each fund, showing what companies and/or bond sellers are part of the fund, are quite thick. My opinion is that people who invest in Vanguard, especially the stock and bond funds that are not international, are investing in America.
Watch this video, it was posted by a Fren here a while back:
Who controls the World.....
https://www.bitchute.com/video/EHrd2p3HkTEj/
IMO Vanguard is just like all the other Wall Street oligarchs, they look at the world as their monopoly board looking for investments that have the best returns for their investors depending on the mutual fund, with no loyalty to any country. And some of their mutual funds dictate their policy due to size and investment amount, i.e. institutional investors. The larger the investment the more Vanguard listens to the particular investor.
My parents are invested in some Vanguard mutual funds and they have been able to retire comfortably with them, but don’t kid yourself. Vanguard is the largest shareholder in BlackRock and they don’t do or say anything about BlackRock’s pro-China anti-America investment slant and as long as their BlackRock “investment” has good returns they won’t. I also wouldn’t be surprised if BlackRock had large investment positions in Vanguard mutual funds, i.e. institutional investors.
IMO Wall Street is an incestuous small club and we aren’t in it.