Tuesday, March 24, 2009
Number of Mutual Funds Could Decline 70% by 2014
With mutual fund investors burned by negative returns of 30% to 50% over the past year, they are unlikely to remain confident about their investments, Celent predicts. As a result, the universe of 7,000 funds could shrink by as much as 70% over the next five years, leaving only 2,000 funds in existence.
“The entire financial services sector has been mauled, causing portfolios and retirement plans to hemorrhage value while requiring investors to question such basic issues as capacity for risk and planning for retirement,” said Robert J. Ellis, senior vice president of the wealth management practice at Celent and author of the report, “The Global Credit Crisis: Implications for North American Wealth Management...”
Bank Investment Consultant: Number of Mutual Funds Could Decline 70% by 2014
“The entire financial services sector has been mauled, causing portfolios and retirement plans to hemorrhage value while requiring investors to question such basic issues as capacity for risk and planning for retirement,” said Robert J. Ellis, senior vice president of the wealth management practice at Celent and author of the report, “The Global Credit Crisis: Implications for North American Wealth Management...”
Bank Investment Consultant: Number of Mutual Funds Could Decline 70% by 2014
Permalink posted by markw @ 5:46 AM 
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