vanguard metals, page-32

Charlie they're linked because the investment manager is the same (M&G is the adviser to the Vanguard fund). I'm not sure how the ASX listing rules work in practice as there is essentially two vehicles, but the same manager retains the voting rights over the shares (in practice) in this instance. Hence if I had to have a stab in the dark I'd surmise there won't be any change of interest notice from M&G as their aggregated voting rights via both vehicles remains unchanged.

This type of arrangement is very common in the managed funds industry where money either is directly invested into Fund A OR a mandate is given to the manager to invest the money in exactly the same way as Fund A, through a different vehicle (and usually for a cheaper price).

Cheers,

JT