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

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

Rating:Falling Markets Drive Margins Down 11 Percent Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, November 11, 2011

Falling Markets Drive Margins Down 11 Percent

Reported by Neil Anderson, Managing Editor

Business heads at mutual fund firms can be excused for feeling a little sea sick after the painful stock market volatility of the third quarter. According to new data released yesterday by kasina, the average net margin of publicly-traded asset managers in the U.S. fell by more than 11 percent to 19.7 percent in Q3. That is down from average net margings of 22.2 percent in Q2.

The S&P 500 fell more than 14 percent in Q3, and revenues at the publicly-traded assets managers dipped 5.4 percent.

"The margin pressure was largely driven by market movement and was not the result of aggregate fund outflows," stated kasina CEO Steven Miyao, adding that 96 percent of the asset drop came from market depreciation, not outflows. 

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

 Do You Recommend This Story?

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

©All rights reserved to InvestmentWires, Inc. 1997-2021
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use