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 |
|
Friday, November 11, 2011 Falling Markets Drive Margins Down 11 Percent Business heads at mutual fund firms can be excused for feeling a little sea sick after the painful stock market volatility of the third quarter. According to new data released yesterday by kasina, the average net margin of publicly-traded asset managers in the U.S. fell by more than 11 percent to 19.7 percent in Q3. That is down from average net margings of 22.2 percent in Q2. The S&P 500 fell more than 14 percent in Q3, and revenues at the publicly-traded assets managers dipped 5.4 percent. "The margin pressure was largely driven by market movement and was not the result of aggregate fund outflows," stated kasina CEO Steven Miyao, adding that 96 percent of the asset drop came from market depreciation, not outflows. Printed from: MFWire.com/story.asp?s=38320 Copyright 2011, InvestmentWires, Inc. All Rights Reserved |