To: Knighty Tin who wrote (31464 ) 8/24/1998 10:29:00 PM From: Scando-American Read Replies (1) | Respond to of 132070
MB, Ah, Confucius. What does this mean???mercurycenter.com Published Monday, August 24, 1998, in the San Jose Mercury News Knight Ridder News Service Pull back the stock market curtain and you'll find institutional investors feverishly working the strings. That's what individual investors long have suspected, and that's what the respected New York-based research group the Conference Board has confirmed. The Conference Board reported that institutional investors control about 60 percent of the stock in the 1,000 largest U.S. corporations, with control becoming more and more concentrated among the largest 25 institutional investors. In 1987, institutional investors controlled 46.6 percent of the stock in the nation's largest companies. The top 25 institutional investors include large mutual fund companies such as Fidelity Investments, Putnam Investment Management and T. Rowe Price Associates; big insurance companies, including the Equitable Companies, Travelers Group and Prudential Insurance; and broad-based retirement funds, including the California Public Employees Retirement System and the New York State Common Retirement Fund. Those 25 largest investors controlled 19.7 percent of total outstanding stock in 1997, up from 16.7 percent in 1996. In recent years, individuals have provided institutional investors with such a large infusion of cash that fund managers have no choice but to invest in large companies. c1997 - 1998 Mercury Center. The information you receive online from Mercury Center is protected by the copyright laws of the United States. The copyright laws prohibit any copying, redistributing, retransmitting, or repurposing of any copyright-protected material. Scando