assume that relatively active investors open 5m accounts worth
Y4trn (compared to maximum possible Yltrn) next year.
Recent individual investor flows suggest that they prefer domestic stocks to
foreign securities ... funds are allotted to foreign
securities such as investment trusts, it will come to Yltrn. This includes
switching from other foreign securities. If half is new money, the total
would
https://www.justice.gov/epstein/files/DataSet%2010/EFTA01461228.pdf