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Institutions grow investment trust ownership as wealth managers dump alternative assets
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The report revealed £89bn of the holdings analysed were owned by institutions, while wealth managers held 25% at £44bn, private investors owned 23% at £41bn and adviser platforms held 2% at £4bn. Institutions increased their share of investment trusts from 49% at the end of December 2022 to 50% at the end of December 2023. Wealth managers' share declined by one percentage point from 26% to 25%. Irish Residential Properties REIT shareholders reject board reshuffle at EGM despite major dissent «The shift from wealth managers to institutions is largely accounted for by movements in th...
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