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Monday, January 04, 2016|
Mr. Market Smiles On Two Fund Firms As the Dow Tumbles
It's been a rough day in U.S. stock market today after a seven-percent drop in China, yet at least two publicly-traded mutual fund firms are being smiled on by Mister Market.
Of the rest of the publicly-traded asset managers, not all of them suffered as much as the broad market. Virtus' [profile] shares fell 0.36 percent, Invesco's [profile] and Hennessy's [profile] 0.87 percent, Calamos' [profile] 1.03 percent, AB's [profile] 1.17 percent, Cohen & Steers' [profile] 1.28 percent, Waddell & Reed's [profile] 1.33 percent, and Federated's [profile] 1.38 percent.
Shares in related companies suffered, too. Mutual fund watcher Morningstar's shares dipped 0.75 percent, retirement plan recordkeeper and mutual fund shop Voya's shares fell 1.00 percent, and retirement plan advice specialist Financial Engines' shares slipped 3.5 percent.
Printed from: MFWire.com/story.asp?s=53214
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