Fund firms' stock are the subject of Tuesday's Wall Street
Journal Ahead of the Tape
column. In the article, titled "Time is Ripe to Take Stock of Fund Firms", Shefali Anand notes that with the market turn since March 9, investors had become upbeat on the fate of asset managers. Up until Monday, when asset managers' shares dropped below the broader market, investors had been snapping up fund firms' stocks amid the market surge.
However, earnings numbers -- starting with AllianceBernstein
, Janus Capital
and T. Rowe Price
this week -- may dampen investors' optimism.
"The only consolation is that this quarter will likely be a slight improvement on the fourth quarter, when BlackRock's and T. Rowe's earnings fell more than 80 percent," Anand writes.
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