Stocks of asset management firms have yielded better returns over the long run than mutual funds,
The New York Times reported, citing data from
Morningstar. Over the last five years, for instance, domestic equity mutual funds gained an average of 14 percent, while stocks of the five largest publicly traded asset management firms rose by an average of 30 percent. That group consisted of
BlackRock,
Legg Mason,
AllianceBernstein,
Franklin Resources and
T. Rowe Price, and analysts expect the edge these companies' stocks hold over the average mutual fund isn't likely to fade in the near future.
 
Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE