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The Association of Investment Companies (AIC) report shows that institutions own 50% of investment company shares by value, or GBP89 billion of the holdings that were analyzed.
Half of investment companies shares by value are owned by institutions (£89bn), which dwarfs 25% held by wealth managers (£44bn), 23% by private investors (£41bn) and 2% by adviser platforms (£4bn).
There was a time when most people wouldn’t have mentioned trainer titan Mike Ashley and Next boss Lord Wolfson in the same breath.