Buy list concentration, the appeal of 'star' fund managers and liquidity issues can result in many fund buyers sticking to a select few vehicles, which in turn leads to high levels of AUM in a small number of funds.
However, they could be missing a trick; are there smaller, more nimble and therefore more attractive funds out there that are being overshadowed by household names? Or should investors retain conviction...
Compared to 6% of 55-64 years olds
Sam Gold and Doug Abbott to take reins
Bionic advice for private clients
Creates £11bn asset management business