Investment Trust Ownership Trends Report 2023-2024

This report presents an analysis of investment trust ownership trends for the years 2023-2024. It details the significant growth in shares owned by retail investors, which increased by 4% in 2024, with their total value rising by 8%. Retail investors now hold 36% of the total shares by value, surpassing institutional investors and wealth managers. The report outlines that since 2019, the number of shares held by retail investors has surged by 42%. In contrast, the number of shares held by wealth managers has decreased, reflecting a shift in ownership dynamics within the investment trust sector. The methodology section explains the data sources and analysis techniques used to derive these insights, including the categorization of owner types and the overall market structure. Additionally, the report highlights the performance of various retail platforms, noting that the top three platforms have consolidated their positions significantly over the past five years. Overall, the findings indicate a changing landscape in investment trust ownership, emphasizing the growing importance of retail investors.