Institutional investors are by far the largest investors in investment funds. Insurers and pension funds accounted for almost 42% of total investment fund ownership at the end of 2019, and this share has increased in recent years. Retail investors, on the other hand, accounted for only 23.8% of fund ownership and their share has declined steadily these past years.
Use of the graphic & text with friendly courtesy of the:
European Fund and Asset Management Association
Source: EFAMA: EFAMA publishes 2020 industry Fact Book. Download report HERE.