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Definition: Portfolio managers invest and manage pension and mutual funds that have been invested into equities according to a predetermined strategy.
At least, the preceding is the normal definition. In today’s globalized world, portfolio managers are also employed by smaller stockbrokers, have access to investing across borders, and trade in equities and derivatives.
In many countries, portfolio managers have significant influence over the equities market. If their portfolios equate to $1billion, then imagine how much in dividend income these portfolios will earn? Where do you think those funds are invested?
When looking ...