21.   If consolidation continues apace in the fund industry, investors can probably brace for more funds to disappear.

22.   In addition to ex-government officials, the fund industry has numerous corporate leaders on its fund boards.

23.   In recent years, the fund industry has had some black eyes because of such carelessness in customer relations.

24.   In that same period, the fund industry has grown dramatically.

25.   In the fund industry, because risks are spread out, it takes a little longer.

26.   Increased competition in the fund management industry is also expected to drive investors into higher-yielding bonds, as they attempt to deliver better returns than their peers.

27.   In the future, I suspect, the fund industry is going to have to give a little more and take a little less.

28.   Industry researchers are concerned that although the fund industry has been growing rapidly, funds themselves are not operating more efficiently and fees are not declining enough.

29.   It goes against a major trend in the fund industry, where more and more companies are beginning to sell their products through every available channel.

30.   It is the rest of the year, however, that the fund industry may have to watch out for.