BOSTON—“Investors are running scared, from fear to fear,” said Brad Durham, managing director of EPFR, a global fund tracking firm, addressing Fund Forum USA’s Global Fund Distribution Summit here Tuesday.

“2011 has been a year of fears, from the Greek drama and the fear of the collapse of the Eurozone, which  led to fears of a double-dip recession in the U.S. and collapsing corporate earnings,” Durham said.

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