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 |
|
Tuesday, February 12, 2008 Stormy Stock Market Drops AUM at Fund Firms AUM at U.S. fund firms has been hit hard by market volatility in January. Reuters reports that three major U.S. asset managers saw their AUM drop off sharply between January and December. AllianceBernstein Holdings reported a 6.1 percent drop in assets from $800 billion at the end of December to $751 billion at the end of January. Franklin Resources reported a 6 percent drop from $643.7 billion at the end of December to $605.2 billion at the end of January. Invesco saw it's assets fall from $500.1 billion at the end of December to $475.6 billion at the end of January, a 4.9 percent drop. Printed from: MFWire.com/story.asp?s=17386 Copyright 2008, InvestmentWires, Inc. All Rights Reserved |