Professional asset management after WWI: UK investment trusts’ portfolios strategies in the 1920s

Kyparissis, Antonis ORCID: https://orcid.org/0000-0002-5053-5279 (2021) Professional asset management after WWI: UK investment trusts’ portfolios strategies in the 1920s. In: Economic History Society (Virtual) Annual Conference, 6 April 2021 - 9 April 2021, Online.

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Abstract

The establishment and the evolution of financial markets have been a core topic in the department of economic history. Inside financial markets, crucial is the role of the institutional investors. In this paper I will examine the institutional investors’ asset management policies in the interwar UK, focusing on the Investment Trust Companies’ (ITC) investment strategies. Very little research has been conducted in the ITCs; additionally, the existed one mainly focuses on the Victorian period. This vacuum I will try to investigate; in particular, a) the ITCs’ asset allocation, b) their geographical and sectoral portfolios’ compositions in the decade of 1920s.