financial services global asset management industry outlook 2005 top10issues table of contents overview 1 regulatory onslaught 3 2 distribution becomes more transparent 4 focus on fund governance 6 alternative investments becoming mainstream 7 5 the rush to wrap accounts 9 product rationalization 10 offshoring decision 12 8 investing in efficiency 13 making top talent a priority 14 managers an exclusive club 15 while all reasonable care has been taken preparation this report it should not be considered as substitute for professional advice these issues have described general terms and is recommended that readers seek regarding their specific circumstances steady growth predicted major economies world showed although unspectacular 2004 most economists foresee similar performance year ahead united states economy grew at annual rate 0 percent third quarter was expected post according economist magazine december poll gdp forecasts
