Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:WSJ Spotlights Year of Pain for Mutual Funds Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, November 26, 2008

WSJ Spotlights Year of Pain for Mutual Funds

by: Armie Margaret Lee

No surprises here: This year is going down as one of the worst in the fund industry's history. In Wednesday's Wall Street Journal Fund Track column, Sam Mamudi notes that the industry witnessed a 19-percent asset plunge this year through October, citing Lipper data. At the end of October, mutual funds of all stripes had a combined $9.5 trillion in AUM, down 21 percent from the May 31 level.

For fundsters, 2008 would rank alongside 1973, when assets fell 20 percent year-on-year, and 1974, when assets dropped 21 percent.

And nobody expects the pain to be over soon. "Funds are still going to have difficult periods to go through," before things improve, Lipper senior analyst Tom Roseen told Mamudi.  

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use