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

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

Rating:At Three Boston Fund Firms, Analysts Wield Power Not Rated 4.0 Email Routing List Email & Route  Print Print
Monday, September 28, 2009

At Three Boston Fund Firms, Analysts Wield Power

by: Armie Margaret Lee

In general, fund analysts don't hold as much power as portfolio managers, with managers often ignoring analysts' recommendations. That's not the case at three Boston fund firms, which the Wall Street Journal's Jennifer Levitz featured in the Saturday issue of the paper. At Putnam, Fidelity and MFS, "analysts are doing more, picking stocks themselves or wielding power to steer managers from certain investments," Levitz noted.

Putnam in the past eight months rolled out six analyst-run global sector funds.

For its part, Fidelity is four years into a five-year plan to boost internal research, and company officials say the evidence of success is the improved performance of Fidelity's Select Portfolios. In the past, Fidelity moved analysts from sector to sector but now, it has created a "career analyst" track.

Over at MFS, fund managers choose from a pool of stocks given a "buy" or "hold" ranking by analysts. 

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

 Do You Recommend This Story?

Return to Top
 News Archives
2020: Q1
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:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2020
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use