A lot is expected of the European mutual fund industry in the next three years. Industry executives predict growth there will yield a fund market similar to that of the U.S., driven, in part, by rejuvenated retirement systems.

Last week, executives from Europe's mutual fund centers in Luxembourg and Dublin, and U.S.-based executives with global coverage discussed the prospects of asset management growth in Europe at the National Investment Company Service Association's 20th Annual Operations Conference in Miami.

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