MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Monday, July 16, 2007 Fund Firms' Stocks Outshine Mutual Funds Stocks of asset management firms have yielded better returns over the long run than mutual funds, The New York Times reported, citing data from Morningstar. Over the last five years, for instance, domestic equity mutual funds gained an average of 14 percent, while stocks of the five largest publicly traded asset management firms rose by an average of 30 percent. That group consisted of BlackRock, Legg Mason, AllianceBernstein, Franklin Resources and T. Rowe Price, and analysts expect the edge these companies' stocks hold over the average mutual fund isn't likely to fade in the near future. Printed from: MFWire.com/story.asp?s=15056 Copyright 2007, InvestmentWires, Inc. All Rights Reserved |