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

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

Rating:The Pandemic Hasn't Dispelled Mister Market's Love of Fund Firms Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, March 12, 2021

The Pandemic Hasn't Dispelled Mister Market's Love of Fund Firms

Reported by Neil Anderson, Managing Editor

Despite the ongoing COVID-19 pandemic, mister market seems to be smiling on asset managers.

Frank E. Holmes
U.S. Global Investors, Inc.
CEO, Chief Investment Officer
Out of 18 publicly traded U.S. mutual fund firms tracked by MFWire, only two have seen their share prices drop since the end of 2019 (before the coronavirus crisis was in full swing), and 11 of those 18 have seen their share prices rise faster than the overall market's gains. (The S&P 500, as of market close yesterday, is up 21.93 percent since December 31, 2019.)

Fund firms' share gains so far in 2021 have been more modest, but they've still been mostly positive. Only two of those 18 firms have suffered share price declines in 2021, while 12 have seen their shares rise faster than the market. (The S&P 500 is up 4.88 percent year-to-date). And the trend continues in March, with only one fund firm seeing it share prices slip so far this month, and with 14 rising faster than the S&P 500's 3.36 percent gain.

Here are the 18 fund firms, in order of their share price gains since the end of 2019.

U.S. Global Investors (GROW) is up 400.14 percent since December 31, 2019 (including a 279.46-percent 2020 gain), up 31.8 percent year-to-date, up 2.58 percent so far in March, up 12.38 percent in the past week, and up 5.44 percent just yesterday. With AUM (as of December 31, 2020) of $3.5 billion, its $108.02-million market cap translates into about 3.1 percent of its AUM.

Manning and Napier (MN) is up 337.81 percent since 12/31/2019 (including a 264.07-percent 2020 gain), up 20.26 percent YTD, up 1.07 percent in March, down 0.66 percent in the past week, and up 2.45 percent yesterday. With AUM (as of 12/31/2020) of $20.1 billion, its $126.799-million market cap translates into about 0.6 percent of its AUM.

Virtus (VRTS) is up 115.29 percent since 12/31/2019 (including a 78.5-percent 2020 gain), up 20.61 percent YTD, up 3.89 percent in March, up 9.61 percent in the past week, and up 0.49 percent yesterday. With AUM (as of 12/31/2020) of $161.4 billion, its $1.977-billion market cap translates into about 1.2 percent of its AUM.

Affiliated Managers Group (AMG) is up 71.91 percent since 12/31/2019 (including a 20.47-percent 2020 gain), up 42.7 percent YTD, up 3.67 percent in March, up 7.46 percent in the past week, and up 3 percent yesterday. With AUM (as of 12/31/2020) of $716.2 billion, its $6.185-billion market cap translates into about 0.9 percent of its AUM.

Artisan Partners (APAM) is up 62.09 percent since 12/31/2019 (including a 57.32-percent 2020 gain), up 3.03 percent yTD, up 6.57 percent in March, up 9.9 percent in the past week, and down 0.14 percent yesterday. With AUM (as of 12/31/2020) of $157.8 billion, its $4.019-billion market cap translates into about 2.5 percent of its AUM.

Waddell & Reed (WDR), parent of Ivy, is up 53.01 percent since 12/31/2019 (including a 53.13-percent 2020 gain), down 0.08 percent YTD, up 0.44 percent in March, up 0.8 percent in the past week, and up 0.16 percent yesterday. With AUM (as of 12/31/2020) of $74.822 billion, its $1.567-billion market cap translates into about 2.1 percent of its AUM.

BlackRock (BLK) is up 43.65 percent since 12/31/2019 (including a 42.69-percent 2020 gain), up 0.67 percent YTD, up 4.59 percent in March, up 5.7 percent in the past week, and down 0.88 percent yesterday. With AUM (as of 12/31/2020) of $8.67668 trillion, its $110.22-billion market cap translates into about 1.3 percent of its AUM.

Invesco (IVZ) is up 43.27 percent since 12/31/2019 (including a 2.09-percent 2020 drop), up 46.33 percent YTD, up 12.98 percent in March, up 8.62 percent in the past week, and up 0.56 percent yesterday. With AUM (as of 12/31/2020) of $1.3499 billion, its $11.628-billion market cap translates into about 0.9 percent of its AUM.

T. Rowe Price (TROW) is up 42.93 percent since 12/31/2019 (including a 24.25-percent 2020 gain), up 15.03 percent YTD, up 7.41 percent in March, up 6.5 percent in the past week, and down 0.83 percent yesterday. With AUM (as of 12/31/2020) of $1.47 trillion, its $39.697-billion market cap translates into about 2.7 percent of its AUM.

AllianceBernstein (AB) is up 31.92 percent since 12/31/2019 (including an 11.41-percent 2020 gain), up 18.41 percent YTD, up 6.59 percent in March, up 6.88 percent in the past week, and up 0.44 percent yesterday. With AUM (as of 12/31/2020) of $686 billion, its $3.828-billion market cap translates into about 0.6 percent of its AUM.

WisdomTree (WETF) is up 25.86 percent since 12/31/2019 (including a 10.67-percent 2020 gain), up 13.72 percent YTD, up 14.15 percent in March, up 2.2 percent in the past week, and down 1.63 percent yesterday. With AUM (as of 12/31/2020) of $67.4 billion, its $906.387-million market cap translates into about 1.3 percent of its AUM.

Diamond Hill (DHIL) is up 21.74 percent since 12/31/2019 (including a 6.27-percent 2020 gain), up 14.56 percent YTD, up 20.55 percent in March, up 14.1 percent in the past week, and up 0.94 percent yesterday. With AUM (as of 12/31/2020) of $26.4 billion, its $540.432-million market cap translates into about 2 percent of its AUM.

Victory Capital (VCTR) is up 21.22 percent since 12/31/2019 (including an 18.31-percent 2020 gain), up 2.46 percent YTD, up 7.03 percent in March, up 7.53 percent in the past week, and up 0.28 percent yesterday. With AUM (as of 12/31/2020) of $147.2 billion, its $1.717-billion market cap translates into about 1.2 percent of its AUM.

Franklin Resources (dba Franklin Templeton) (BEN) is up 10.82 percent since 12/31/2019 (including a 3.81-percent 2020 drop), up 15.21 percent YTD, up 10.01 percent in March, up 12.37 percent in the past week, and up 0.59 percent yesterday. With AUM (as of 12/31/2020) of $1.498 trillion, its $14.551-billion market cap translates into about 1 percent of its AUM.

Gamco (GBL) is up 9.08 percent since 12/31/2019 (including an 8.98-percent 2020 drop), up 19.84 percent YTD, up 11.89 percent in March, up 11.43 percent in the past week, and up 1.29 percent yesterday. With AUM (as of 12/31/2020) of $32.6 billion, its $583.627-million market cap translates into about 1.8 percent of its AUM.

Cohen & Steers (CNS) is up 6.67 percent since 12/31/2019 (including an 18.29-percent 2020 gain), down 9.83 percent YTD, up 4.08 percent in March, up 3.08 percent in the past week, and down 0.64 percent yesterday. With AUM (as of 12/31/2020) of $79.9 billion, its $3.209-billion market cap translates into about 4 percent of its AUM.

Federated Hermes (FHI) is down 5.22 percent since 12/31/2019 (including a 12.21-percent 2020 drop), up 7.97 percent YTD, up 15.61 percent in March, up 7.82 percent in the past week, and down 1.47 percent yesterday. With AUM (as of 12/31/2020) of $619.4 billion, its $3.06-billion market cap translates into about 0.5 percent of its AUM.

Hennessy (HNNA) is down 14.47 percent since 12/31/2019 (including a 15.68-percent 2020 drop), up 1.43 percent YTD, down 0.12 percent in March, up 0.83 percent in the past week, and down 0.7 percent yesterday. With AUM (as of 12/31/2020) of $3.833 billion, its $62.225-million market cap translates into about 1.6 percent of its AUM. 

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

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2021: Q2Q1
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:
Raw XML
Add to My Yahoo!
follow us in feedly


  1. MFDF webinar - Gamification of Securities Trading: Fad or the Future?, April 14
  2. IDC Speaker Series - Diversity, Inclusion, and Implicit Bias: An Interview with Song Richardson, April 14
  3. IDC Virtual Roundtable: New Jersey and Pennsylvania - April 2021, April 15
  4. MFDF In Focus: Board Oversight of Sub-advisers, April 15
  5. The 31st Sub-Advised Funds Forum, Apr 20-21
  6. ETF.com Awards 2020, April 20
  7. IDC Virtual Roundtable: Florida - April 2021, April 20
  8. IMEA Marketing Council Roundtable | Engaging Advisors In a Virtual World, April 21
  9. MFDF Director Discussion Series - Open Forum via Zoom (Northeast), April 21
  10. FIASI virtual event - ESG in Fixed Income: Shining a Light on Transparency, Apr 22-23
  11. IDC Virtual Roundtable: Alabama, Georgia, North Carolina, and South Carolina - April 2021, April 22
  12. IDC Webinar: The Future of the Workplace - April 2021, April 23
  13. IDC Virtual Roundtable: Arkansas, Louisiana, Mississippi, Oklahoma, Tennessee, and Texas - April 2021, April 27
  14. MFDF Case Studies in Fund Oversight — A Virtual Roundtable for Directors, Apr 28-29
  15. IDC Virtual Roundtable: Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota, and South Dakota - April 2021, April 29
  16. 44th Annual AIMSE Marketing & Sales Conference, May 2-4
  17. MFDF Director Discussion Series - Open Forum via Zoom (Southeast), May 5
  18. ICI 2021 General Membership Meeting - Day 1, May 6
  19. Emerging Manager Forum USA, May 12-14
  20. ICI 2021 General Membership Meeting - Day 2, May 13
  21. 2021 FINRA Annual Conference, May 18-20
  22. IDC Speaker Series - Abby Joseph Cohen: A Conversation About the State of the Global Markets, May 19
  23. 2nd annual ETFGI Global ETFs Insights Summit - USA, May 19-20
  24. MFDF Director Discussion Series - Open Forum via Zoom, May 19
  25. Irish Funds Online Annual Global Funds Conference 2021, May 19-20
  26. MFDF webinar - Fund Director Compensation: MPI Annual Survey (2021), May 20




©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