EUROPE - Europe's £3.5trn mutual fund industry will expand at a compound annual growth rate (CAGR) of about 14% per annum between year-end 2002 and 2006, outpacing the global expansion rate of 10% and the US CAGR of 9%, according to new research by Cerulli Associates.
The study covered retail and institutional fund management marketplaces in 16 countries worldwide.
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