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Monday, November 05, 2007|
Analysts Come Back into Vogue at Fund Companies
In response to the proliferation of ETFs, fund companies are increasingly pouring resources back into old-fashioned stock-pickers, the WSJ reports. Fund companies are not just looking for recent college graduates; they are also looking for experienced analysts that know the ins and outs of their respective sectors. In the article, Eleanor Laise cites three examples of the new hiring spree; since 2005 Fidelity has added 120 stock analysts to its staff; Janus currently has 50 stock and bond analysts, with an average of six years of experience, up from 40 analysts with six years average experience in 2003; and MFS has also increased the size of its U.S. equity-research team by 20 to 25 percent over the past few year.
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