NEW YORK-Rising interest rates, a sagging housing market, and inscrutable energy prices all blur into a bleak outlook for 2007. But fund managers at Lipper's "Lipper Leaders" symposium last week said there's money to be made for investors. It just won't be easy.

A series of seven fund managers, singled out for consistent and total return performance, each had different ideas about the best bets in an otherwise dreary marketplace-whether large-cap or small-cap, local or overseas-but they all agreed that opportunities exist.

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