toronto - Firms seeking to expand globally better be prepared to wait for their efforts to pay off, and expect regulatory complications. That was the consensus of fund executives taking part in a panel discussion on industry globalization, held at the Investment Funds Institute of Canada annual convention in Toronto late last month.

In assessing the business case for moving into a new market, management should incorporate a long term view into their analysis, said Gerry Rocchi, president of Barclays Global Investors Canada of Toronto.

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