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, May 3, 2011 The Fund Biz is 'Not in a State of Decline' Fundsters pondering the future of this business may want to take a look at an an article penned by The Street's Dan Freed. "It's a mature business -- there's no question," John Rekenthaler, vice president of research at Morningstar, told TheStreet. "The rest [besides ETFs] of it's mature, but it's not rolling over, it's not in old age. It's not in a state of decline: it's just mature." "If the thesis is 'will U.S. mutual fund companies need to accept lower margins in the future and be pushed on their expense ratios?' I think the answer is yes," Rekenthaler added. Fund Democracy president Mercer Bullard (who's a University of Mississippi professor and Lipper Advisory Services president Mike Lipper also weighed in. Printed from: MFWire.com/story.asp?s=36692 Copyright 2011, InvestmentWires, Inc. All Rights Reserved |