JPMorgan's asset management will no longer use controversial proxy advisors for shareholder votes

JPMorgan Asset Management, overseeing $2.96 trillion, announced it will cease using Institutional Shareholder Services (ISS) and Glass Lewis for proxy voting advice, opting instead for an in-house team to guide its shareholder votes. This shift reflects a growing trend among large asset managers to internalize proxy advisory functions, potentially influencing corporate governance directly and reducing reliance on third-party recommendations. The development arrives against a backdrop of shifting risk appetite, where investors are reassessing exposure to markets and weighing the second-order impact on adjacent sectors. Markets are watching JPM closely as the story develops. At the latest read, JPM price stood at 300.85, a -0.0365% move on the day, with a forward P/E near 14.1188 and a market capitalisation around $805B. Positioning across funds, options skew and credit spreads typically respond first; equity price action lags but tends to confirm the direction once volume returns. Readers should treat the immediate move as a sentiment proxy rather than a final verdict on fundamentals. For longer-horizon allocators the more important question is whether this changes the trajectory of cash flows, regulation or competitive dynamics. If it does, multiple compression or expansion follows; if it does not, the reaction fades within a few sessions and the prior trend reasserts itself. What to watch next: forthcoming earnings prints, central-bank guidance and any official commentary that either validates or pushes back on the market's interpretation. Reported by CNBC and contextualised by the Global Investing News desk under Mark Grundell.