Australia's mutual fund industry is set for a bonanza over the next decade, with assets under management forecast to reach a total of US$1.32 trillion by 2015.
Latest figures from the Reserve Bank of Australia show the country has leapfrogged Italy to become the world's fourth-largest mutual fund asset pool, with US$433.6 billion under management. The research has been compiled by the Investment Company Institute on behalf of the International Investment Funds...
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