As a result, financial repression, say economists and fund managers at Schroders in London, is becoming as much a part of the new normal as is slow growth and deleveraging.

FORBES: Socialism 'No', But Financial Repression 'Yes'

Last week, in an interview with Forbes, Allan Conway, a fund manager for Schroders in London told me that he expected the retailer to return to the market within the next few weeks, but that flow would not last for long.

FORBES: Where The Money's Flowing

The earnings of firms that own big fund managers (like Schroders and Merrill Lynch) are valued more highly than those (like Salomon Brothers and Lehman Brothers) that do not.

ECONOMIST: It��s got to fit somehow

At the start of the year, I spoke with one of my favorite emerging market fund managers, Allan Conway of Schroders.

FORBES: What To Buy In Emerging Markets In March

The handful of fund houses with well-developed marketing skills Jardine Fleming, Schroders, Fidelity, Templeton are able to do a modest business selling funds direct to retail customers.

ECONOMIST: Local restrictions permitting