Abstract
Stock markets would be nothing without investors. So the spotlight must now switch to who buys, holds and sells the shares, bonds and other assets that make up the securities markets’ stock-in-trade: on the users of the services the markets already surveyed provide.
Pension funds now probably hold about a third of listed UK equities (ordinary shares).
Mr David Walker, Director of the Bank of England.1
Because of the diversified nature of our portfolio, we are investing in UK plc.
Manager of a major pension fund.
I doubt whether the institutions have fully realised the tremendous responsibilities they now hold.
Lord Benson, former Adviser to Governor of the Bank of England.2
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© 1988 Margaret Isabel Reid
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Reid, M. (1988). Investing Institutions. In: All-Change in the City. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-07005-3_9
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DOI: https://doi.org/10.1007/978-1-349-07005-3_9
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-07007-7
Online ISBN: 978-1-349-07005-3
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