NEW YORK - Speakers at the Offshore Fund Forum outlined substantial opportunities abroad and said that the mutual fund industry cannot ignore the overseas market if it wants to continue to grow.

The U.S., with only five percent of the world's population, currently controls 65 percent of the world's fund assets. But that will decrease to only 33 percent by 2008, said Deborah Smith, a vice president with State Street Bank & Trust Company of Boston. Smith and other speakers said the greatest opportunities are in Europe and Japan.

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.