The strong stock market in the first quarter was good news for U.S. mutual fund firm's bottom lines. Reuters
shares the news from stock analysts at Barclays
and Jefferies Group
on which mutual fund sponsor stocks will gain most from the strong market.
Barclays' analysts see Affiliated Managers Group
] and T. Rowe Price
] as firms that benefit due to their market position and potential for organic growth.
Meanwhile, Jefferies analyst Daniel Fannon
points to Legg Mason
] as being in for a rebound after its recent streamlining. He expects Janus Capital
] to do worse thanks to falling margins because of performance fee hits and its higher long-term compensation costs.
Sean Hanna, Editor in Chief
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