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

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

Rating:Stock Analysts See Fewer Fund Firms Ahead Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, May 15, 2009

Stock Analysts See Fewer Fund Firms Ahead

Reported by Sean Hanna, Editor in Chief

Stock analysts are predicting consolidation in the asset management industry and increased market share for the winners even as demographics open up more asset gathering opportunities, writes Sam Mamudi in the WSJ Fund Track.

The column wraps up recent research reports from, Stifel Nicolaus, Goldman Sachs and Jefferies & Co. Winners will be those with access to capital or strong performance track records, they predict.

Goldman analysts have boosted their outlook for share prices of asset managers by 15 percent even as the predict that it will take a few years for profits to recover to pre-Bear levels (only a relative handful of asset managers are both independent and publicly traded).

Jefferies analyst Daniel Fannon also foresees higher distribution costs for asset managers due to the recent consolidation of broker-dealers. The changes mean some fund firms will lose spots on preferred lists. Fund firms will also be forced to sell through smaller networks, raising wholesaling and other costs.

Fannon also foresees fund firms with capital having the opportunity to buy others at "firesale" prices.

Fannon believes Invesco, Eaton Vance Corp., Affiliated Managers Group Inc., BlackRock Inc. and Legg Mason Inc. could see their flows for some funds improve due to their distribution and marketing strengths. 

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
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. 1997-2018
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use