Momentum in U.S. mutual fund product development is being driven in large part from managers looking abroad.

U.S. mutual fund launches nearly tripled in 2013 compared to 2012 with help from an increased focus on international strategies, according to new research from Cerulli Associates. Nineteen percent of asset managers surveyed by the Boston-based research firm indicated plans to launch new retail platforms concentrated in international stocks. Only alternatives (26%) scored higher among asset classes that fund managers are focusing on in 2014 for the retail channel with U.S. stocks also registering 19%.

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