By Robert Stock The rapid growth of the investment fund industry has led to 39 £1bn plus retail fun...
By Robert Stock The rapid growth of the investment fund industry has led to 39 £1bn plus retail funds in the UK unit trust and Oeic market and debate about what importance portfolio size should play in IFAs' investment decisions. The underlying assets of those funds reflects a strong home equity bias in the retail market. Of the total number of £1bn plus funds, 38 are equity or partial equity funds, with 20 devoted to UK equities and UK smaller companies. The largest retail fund, Merrill Lynch UK Equity, sits at £3.8bn by UK standards it is a huge fund. But by US standards it is mid-si...
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