“Source: Financial Standard – May 4th, 2011″

Direct share ownership is continuing to rise and it’s driving investors out of managed funds, reveals new figures from the latest ASX Share Ownership Survey.

The survey found there are 5 million Australians who directly own shares, 2 million more than a decade ago. But indirect ownership through managed funds has plummeted through the period by the same amount from 4.3 million to 2.2 million…

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