While many U.S. fund companies have long had offshore funds, it appears that several fund companies believe that now is an opportune moment to expand their offshore assets under management. Putnam recently added to its Cayman Islands offshore fund family and Janus recently started its own operation in Dublin, Ireland.

"My belief is that outside the U.S. - both in the offshore haven and in the in-country (operations) - the growth rates will surpass those in the U.S.," said Mike Wilson senior vice president of the international/offshore global investor services group for State Street Corp. His remarks were made at the Investment Company Institute's Operations Conference last week.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.