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September 06, 2005 at 08:00 PM
Sales of mutual funds and exchange-traded funds (ETFs) will be strong in 2005 and over the following five years, according to Financial Research Corp., a financial services consulting group.
Mutual fund sales will slow to $195 billion this year and $175 billion next year from $210 billion in 2004, the FRC projected. But sales will increase to $193 billion in 2007 and will rise in each of the next three years, reaching $258 billion in 2010, the Boston-based company said.
Similarly, sales of ETFs are seen dipping to $41 billion this year from $55 billion in 2004, but they are forecast to increase to $61 billion next year and to climb to $164 billion by 2010.
“Once again the mutual fund industry has all the pieces in place for a strong net sales year,” FRC said in its newsletter this month. The industry saw net cash inflows of $108 billion through the first half of 2005 “on the strength” of funds that invest in foreign stocks, it said.
