In 2020 the UK investment company market overtook its US peer for the first time and now, with assets at an all-time high of £265bn, compared to the $306bn (£223bn) in the US, the UK market looks set to have a significant edge over the long term, according to experts.
While the UK market has been growing, figures from the 2021 Investment Company Fact Book show the US is declining, with the number of US closed-ended funds (CEFs) available to investors shrinking for the ninth straight year in 2020. Over this period, more closed-ended funds were liquidated, merged, or converted into open-ended mutual funds or exchange-traded funds than were launched. This overtaking of the US market is significant, according to experts, and shows the US regulation is behind the times. AIC: Secondary fundraising eclipses 2019 levels "The regulatory structure in...
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