Brokers said they expected the central bank to lift all restrictions on inflow of speculative funds gradually.

But private funds, often speculative and volatile, are not available on terms suitable for long-term investments in public services.

I thought it would be well managed," he said, "not a speculative fund.

And there seemed to be an attraction to more speculative funds.

Mutual stock fund sales surged in October, with particular activity in more speculative funds.

We must, therefore, toughen the prudential requirements set for banks when they underwrite speculative funds.

We must stop, not regulate, the actions of speculative funds.

The G20 intends to regulate only speculative funds that pose a systemic risk.

Indeed, speculative funds have been exposed as having helped exacerbate the crisis.

Similarly, the large hedge funds - essentially speculative mutual funds for rich people - have become much more cautious.