Immense opportunities lie ahead for global fund managers, agreed panelists at a session at ICI’s 54th General Membership Meeting.
“We are only seeing the tip of the iceberg,” said Vijay C. Advani, Executive Vice President, Global Advisory Services at Franklin Resources, Inc. Advani, whose firm draws half of its flows from outside the United States, cited a recent survey predicting the population of individuals defined as middle class will increase from 1.5 billion currently to 5 billion by 2030.
Andrew T. Gillies 