MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
|
|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Tuesday, April 21, 2009 Will Investors Do an About-Face on Fund Firms' Stocks? Fund firms' stock are the subject of Tuesday's Wall Street Journal Ahead of the Tape column. In the article, titled "Time is Ripe to Take Stock of Fund Firms", Shefali Anand notes that with the market turn since March 9, investors had become upbeat on the fate of asset managers. Up until Monday, when asset managers' shares dropped below the broader market, investors had been snapping up fund firms' stocks amid the market surge. However, earnings numbers -- starting with AllianceBernstein, BlackRock, Janus Capital and T. Rowe Price this week -- may dampen investors' optimism. "The only consolation is that this quarter will likely be a slight improvement on the fourth quarter, when BlackRock's and T. Rowe's earnings fell more than 80 percent," Anand writes. Printed from: MFWire.com/story.asp?s=21344 Copyright 2009, InvestmentWires, Inc. All Rights Reserved |