Fund managers must break their silence
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While it has been little remarked on and even less analysed, the nature of stock ownership has experienced a sea change since the second world war. Ownership of US stocks by financial institutions has leapt from 8 per cent to 70 per cent. A similar trend has prevailed globally.
US financial institutions mutual funds, pension funds, endowment funds, and bank trustees - hold more than two-thirds of the shares of virtually every publicly held US corporation, giving them total voting control ... READ MORE
Released by the Financial Times - 19 September 2012