While many mutual fund executives have been preoccupied with outflows from equity funds in the U.S. the past two years, it has diverted their attention from the tremendous sales opportunities that lie ahead in the next 10 to 15 years in Asia, Europe and, in particular, emerging markets.
That is the prediction of Strategic Insight, among the presenters at Fund Forum's Distribution Summit this week in Boston. International opportunities are "not something that many asset managers have thought a lot about yet," said of Jag Alexeyev, head of global research at Strategic Insight. "But already, today's emerging markets are not the same as they were only a few years ago. Coming out of the credit crisis, they have emerged stronger participants in the world economy, and the risk of investing in them is lower," he said.