Funds find favour

The funds industry has taken off across the globe, with the financial crisis spurring investors to flee from note-based investments to instruments promising transparency and stringent regulations. With the 20th anniversary of the first exchange-traded fund (ETF) celebrated in March and a spate of new investment regulations to be introduced in the next couple of years, the fund industry is gaining publicity and is predicted to keep increasing in size. But structuring and selling funds has its dif