Fund managers are optimistic

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Fund managers across the globe are optimistic about attracting more investors over the next five years, a survey by consultants EY showed, while also indicating that some managers are starting to feel the pinch from regulatory pressure over pay.

Reuters reports that EY's 'Global Regulated Funds Survey 2014' showed managers in North America and Europe expected growth of 10% a year in net inflows, while those in Latin America and Asia expected growth of 7% a year.

'When you recognise that relatively recent net new money growth rates for the overall industry have been in the range of 3% to 5%, it's clear that managers of regulated funds are feeling pretty bullish', said Mike Lee, Global Wealth Asset Management Leader at EY in a statement.

To access the complete Reuters article hit the link below:

Fund managers eye bumper inflows over next five years - survey

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