BARCELONA (Reuters) - Fund managers meeting in Barcelona this
week are facing up to a bleak outlook as markets stay volatile and
inflows dry up, but one or two are seeing some opportunities as
asset prices tumble.
"It's not a happy time," James Suglia, chairman of KPMG's global
alternatives advisory committee, told Reuters. "The mood is
relatively down." The conference comes as investors continue to shy
away from many mutual funds as the credit crisis, which began last
summer, rumbles on.
Data this week from the Investment Management Association shows
net retail sales of British-registered mutual funds slumped to 653.3
million ($1.30 billion) in May, compared with 1.1 billion a year
ago. ...