Market share of 10 largest fund groups rises to 48%

survey

ima expresses concerns over amount of uk assets held offshore increasing to 19% in 2005

The UK's 10 largest fund groups control almost half the assets under management while the top five firms run 31% of the money, an IMA study has revealed. In its latest asset management survey, which covers a representative sample of 137 member firms, the trade body said the assets controlled by the top five firms had risen steadily since 2002 due to the expanding market share of the two largest firms, Barclays Global Investors (BGI) and Legal & General Investment Management (L&G). Both are leading players in the indexing market. While the body estimated its members manage around £2.8 tril...