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Rating:Fund Stocks Have a Good Friday Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, September 14, 2012

Fund Stocks Have a Good Friday

Reported by Sean Hanna, Editor in Chief

Investors in mutual fund sponsors likely had a better day on Friday than the shareholders in the mutual funds themselves. While the stock market was flat, stock prices for publicly-traded asset managers rose mostly across the board.

The biggest gainers were Alliance Bernstein and Manning & Napier with gains of more than four percent. Other big gainers were Waddell & Reed, T. Rowe Price and Affiliated Managers Group, which each rose more than two percent.

Most of the 22 listed U.S. mutual fund shops have seen strong gains since the start of summer. Alliance Bernstein is up more than 18 percent over its 50-day moving average, for example. The majority of these stocks are trading at prices 5 to 10 percent higher than their 50-day moving average.

Exceptions are Cohen & Steers and Federated. Both of those firms have shares changing hands below that level.

AllianceBernstein Holding L.P. AB 1.64B Up 4.73%
Aberdeen Asset Management PLC ADN.L 3.35B Up 2.29%
Affiliated Managers Group Inc. AMG 6.54B Up 2.02%
Artio Global Investors Inc. ART 184.04M Up 0.32%
Franklin Resources Inc. BEN 27.12B Up 0.93%
The Bank of New York Mellon Corp BK 27.81B Up 0.38%
BlackRock, Inc. BLK 31.59B Up 0.46%
Calamos Asset Management Inc. CLMS 237.79M Up 1.48%
Cohen & Steers Inc. CNS 1.40B Down 1.81%
Eaton Vance Corp. EV 3.32B Up 0.47%
Federated Investors, Inc. FII 2.26B Down 0.09%
GAMCO Investors, Inc. GBL 1.30B Up 0.79%
U.S. Global Investors, Inc. GROW 90.26M Up 1.95%
Hennessy Advisors, Inc. HNNA 17.33M Up 2.03%
Invesco Ltd. IVZ 11.49B Up 0.62%
Janus Capital Group, Inc. JNS 1.75B Up 1.74%
Legg Mason Inc. LM 3.63B Up 1.02%
Manning & Napier, Inc. MN 183.64M Up 4.48%
T. Rowe Price Group, Inc. TROW 16.67B Up 2.15%
Virtus Investment Partners, Inc. VRTS 720.54M Up 1.80%
WP Stewart & Co. Ltd. WPSL 21.38M Up 12.22%
Waddell & Reed Financial Inc. WDR 2.91B Up 2.92%
WisdomTree Investments, Inc. WETF 823.53M Up 1.82%

Source: Yahoo Finance

 

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