Good year predicted for investment funds

Last year, the high-level departure of senior executives from Bank of Ireland Asset Management (BIAM) grabbed the headlines, but, in general, it was a good year for most of the investment fund industry.

1st January, 2005

Last year, the high-level departure of senior executives from Bank of Ireland Asset Management (BIAM) grabbed the headlines, but, in general, it was a good year for most of the investment fund industry.

Equity market returns averaged about 8 to 8.5 per cent for managed funds. These in turn boosted strong inward investment flows from clients.

Many observers are predicting another good year in 2005 as investor confidence has grown following three years of positive returns. Investment...

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