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, April 28, 2008 AUM Slips For Top 25 Fund Firms in Q1 The first quarter was not kind to fund firms in terms of asset gathering. According to FRC's data, only one firm out of the 25 largest fund firms in terms of assets, actually reported a rise in AUM. The five firms that lost the most AUM percentage-wise were: Putnam, down 31.7 percent; Legg Mason, down 12 percent; Van Kampen, down 10.7 percent; American Century, down 10 percent; and Dodge & Cox, down 9.9 percent. The only top 25 firm reporting inflows for Q1 was not surprisingly, fixed-income giant PIMCO, up 9.7 percent. FRC's data does not include money-market fund flows, which are sure to be substantial for Q1. Printed from: MFWire.com/story.asp?s=18089 Copyright 2008, InvestmentWires, Inc. All Rights Reserved |