Turnover of the funds with assets over £ 1 billion
in the Fitzrovia Report

		Assets £ bn in years 2001-3			Turnover % in years 2001-3
Company	Fund	1	2	3	1	2	3
CIS	UK Growth	-	1.4	1.1	-	24	20
Fidelity	America	-	1.4	1.9	-	99	143
Fidelity	American	-	1.0	1.2	-	43	173
Fidelity	Europe	-	1.2	1.0	-	28	36
Fidelity	European	-	1.7	1.8	-	60	74
Fidelity	Special Sit.	-	1.8	2.0	-	46	49
Fidelity	UK	-	1.0	1.3	-	26	18
First State	Balanced	1.2	1.0	0.0	44	71	1871
INVESCO	Eur. Growth	2.4	1.5	1.1	128	165	153
INVESCO	High Income	2.4	2.5	2.3	48	58	35
INVESCO	Int. Equity	1.6	1.5	-	107	105	-
Jupiter	European	1.0	0.9	0.7	53	56	43
Jupiter	Income	1.5	1.5	-	18	25	-
Merrill Lynch	UK Equity	3.1	1.8	0.8	38	103	127
New Star	Fixed interest	-	1.1	1.0	-	16	12
Newton	Income	1.1	1.1	0.8	51	60	54
Schroder	European	-	1.4	1.0	-	37	46
Scottish Life	UK Equity	-	1.3	1.3	-	18	18
Scottish Mutual	Balanced	1.0	0.9	-	43	36	-
Scottish Widows	Hill Samuel Capital	1.7	1.5	1.2	36	19	18
Standard Life	International	6.0	5.7	3.7	38	44	50
Standard Life	UK Equ. Gen.	1.5	1.3	1.1	13	19	35
Threadneedle	Eur. Select G.	-	1.1	1.0	-	129	141
Threadneedle	UK Growth	-	1.4	1.1	-	27	43
Threadneedle	UK Int. Growth	-	2.2	2.0	-	35	36
Threadneedle	UK Monthy Inc.	-	1.0	0.8	-	55	63
Woolwich	UK Stockmarket	1.0	0.8	-	52	52	-

The correlation between the turnovers in years 2002 and 2003 is r = 0.790.

First State Balanced seems anomolous and was excluded. Index-tracking funds have also been excluded from the table.