Universal-Investment's voting rights guidelines for investors

As the largest independent investment company in the German-speaking world, Universal-Investment successfully manages capital investments for investors, including many investments for private and occupational pension plans. In the aim of meeting its responsibility to safeguard investor interests, Universal-Investment exercises the shareholder and creditor rights attaching to the investment funds it manages in line with the interests of investors and sound corporate governance practices.

Our voting rights guidelines are based on the following principles:

  • All decisions are based solely on investor interests and the benefit to the relevant investment fund.
  • Decisions regarding the exercise of voting rights are taken independently of third-party interests.
  • Market integrity must be preserved in every case.

The "Principles for the Analysis of Shareholders' Meetings (Analyseleitlinien für Hauptversammlungen, "ALHV")", formulated by the Bundesverband Investment und Asset Management e. V. (BVI), form the basis for our voting policies and how we exercise voting rights. This industry standard lays the foundation for a responsible handling of investors' capital and rights. This industry standard is aligned with the interests of investment funds managed by Universal-Investment and is therefore generally applied to all investment funds, unless it is necessary to deviate from these voting rights guidelines for individual investment funds in the interest of investors, market integrity or the benefit to the relevant investment fund.  Voting rights are exercised with respect to foreign assets only if the high cost and/or effort associated with doing so is justified.
Universal-Investment will provide investors with details regarding measures taken with respect to their investment funds based on these voting strategies free of charge upon request.