Barriers to single market still exist, say managers

Fund managers welcome further improvements in the present legal framework governing Ucits or its application by European Union member states, according to a report published last month by Standard and Poor's. But the fund management industry also indicates that there are barriers yet to overcome before a single European mutual fund market can be established.

S&P's survey was circulated to a sample of key players in the European fund management arena. The report says differences in taxation