bnymellonmarketeye.comSource: Recruit Jobs, August 2015 bnymellonmarketeye.com

What can this optical illusion teach us about fund management?

*The Financial Review: ‘Security Concentration and Active Fund Management: Do Focused Funds Offer Superior Performance?’, 2008, Travis Sapp, Xuemin (Sterling) Yan.

Source: World Federation of Exchanges, data as at 31 December 2016.

Perceptions: ‘Variations on the Hermann grid: an extinction illusion’, 1 October, 2000, Ninio J, Stevens KA.

The number of stocks held in an average USmutual fund portfolio.*

90

Number of listed companies globally

224 The average number of holdings in the most diversified portfolios by quintile.

2016

EMEA13,615

ASIA-PACIFIC25,904

AMERICAS9,971