Dear clients and friends,
I hope that your 2016 is off to a great start!
The new year offers the opportunity for each of us to reflect
on the past year and to look forward to what the coming
year may bring. As the title suggests, 2015 Mutual Funds
Developments: Looking Back to See What’s Ahead
examines the industry’s meaningful evolution during the
past year. It also discusses how these significant
developments are expected to shape the industry’s agenda
and areas of focus for 2016.
While developing this report, we cast a very broad net and
explored the array of historic changes confronting the
industry over the past year—including changes in investor
preferences, regulation, financial reporting, auditing, and