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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. 

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