The world fund industry’s profits may be halved over the next few years, according to a survey of asset management firms by the Boston Consulting Group, Reuters reports.

Industry profitability could fall to $20 billion a year from $34 billion in 2002, or from 11 basis points of assets under management to six basis points, according to the report. As well, annual compound growth rates could range from 0.7% to 6% through 2006, compared with annual rates of 14% between 1995 and 2000.

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