Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Asset Managers Slip As the NYSE Circuit Breaker Trips Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, March 9, 2020

Asset Managers Slip As the NYSE Circuit Breaker Trips

Reported by Neil Anderson, Managing Editor

It's been a rough couple of weeks for Mister Market, what with the coronavirus and oil price swings, and publicly traded asset managers continue to feel the burn.

Martin L. Flanagan
Invesco
President and CEO
The S&P 500 fell 7.6 percent today: the market fell so fast in the opening minutes this morning that the NYSE's circuit breaker triggered, halting all trading for 15 minutes. (It was the first such triggering since December 2008.) 20 publicly traded U.S. asset managers tracked by MFWire saw their shares fall an average of 7.7 percent today. They're down an average of 11.7 percent so far this month (while the S&P 500 is down 7.03 percent), 19.1 percent since the end of January (14.8 percent for the S&P 500), and 18.1 percent year-to-date (15 percent for the S&P 500).

Here are each of the 20 asset managers, ranked by their year-to-date share price performance:

  • Invesco (IVZ, $5.133 billion market cap), down 34.4 percent year-to-date, 31.9 percent since January 31, 19.5 percent this month, and 11.7 percent today;

  • WisdomTree (WETF, $490.827 million market cap), down 32 percent YTD, 21.8 percent since January 31, 19.5 percent this month, and 13.7 percent today;

  • Federated Hermes (FHI), down 29.9 percent YTD, 37 percent since January 31, 20.9 percent this month, and 13.9 percent today;

  • Eaton Vance (EV, $3.806 billion market cap), down 27.7 percent YTD, 26.8 percent since January 31, 18.8 percent this month, and 13.1 percent today;

  • Victory (VCTR, $1.049 billion market cap), down 26.1 percent YTD, 25.7 percent since January 31, 21.6 percent this month, and 13.8 percent today;

  • Affiliated Managers Group (AMG, $2.989 billion market cap), down 26 percent YTD, 21.5 percent since January 31, 17 percent this month, and 11.4 percent today;

  • Virtus (VRTS, $619.128 million market cap), down 26 percent YTD, 27.1 percent since January 31, 18.8 percent this month, and 11.9 percent today;

  • Franklin Resources (dba Franklin Templeton) (BEN, $9.484 billion market cap), down 24.9 percent YTD, 22.9 percent since January 31, 10.4 percent this month, and 9.9 percent today;

  • Gamco (GBL, $410.716 million market cap), down 24.2 percent YTD, 10.7 percent since January 31, and 5 percent this month, and up 4.9 percent today;

  • Ivy parent Waddell & Reed (WDR, $877.612 million market cap), down 23.9 percent YTD, 21.5 percent since January 31, 8.9 percent this month, and 7.5 percent today;

  • U.S. Global Investors (GROW, $14.825 million market cap), down 23.3 percent YTD and 15.8 percent since January 31, up 1.9 percent this month and 3.8 percent today;

  • Artisan (APAM, $1.891 billion market cap), down 23 percent YTD, 25.5 percent since January 31, 15.9 percent this month, and 7.4 percent today;

  • Diamond Hill (DHIL, $375.768 million market cap), down 18.7 percent YTD, 18.9 percent since January 31, 9.9 percent this month, and 4.9 percent today;

  • BlackRock (BLK, $62.231 billion market cap), down 16.6 percent YTD, 20.5 percent since January 31, 8.8 percent this month, and 7 percent today;

  • T. Rowe Price (TROW, $24.463 billion market cap), down 14.9 percent YTD, 22.4 percent since January 31, 12.2 percent this month, and 11.2 percent today;

  • Manning & Napier (MN, $23.392 million market cap), down 11.7 percent YTD, 20 percent since January 31, 6.2 percent this month, and 4.4 percent today;

  • Cohen & Steers (CNS, $2.765 billion market cap), down 7.2 percent YTD, 21.3 percent since January 31, 7.6 percent this month, and 9.8 percent today;

  • AllianceBernstein (AB, $2.737 billion market cap), down 5.6 percent YTD, 12.7 percent since January 31, 8.3 percent this month, and 8.6 percent today;

  • Hennessy (HNNA, $71.506 million market cap), down 2.6 percent YTD, 3.5 percent since January 31, 4.5 percent this month, and 2.1 percent today; and

  • Legg Mason (LM, $4.258 billion market cap), up 36.4 percent YTD and 25.1 percent since January 31, down 1.7 percent this month and 1.5 percent today. (Legg Mason is being acquired, hence its divergence from the pack.) 

    Stay ahead of the news ... Sign up for our email alerts now
    CLICK HERE

  • 0.0
     Do You Recommend This Story?



    GO TO: MFWire
    Return to Top
     News Archives
    2024: Q2Q1
    2023: Q4Q3Q2Q1
    2022: Q4Q3Q2Q1
    2021: Q4Q3Q2Q1
    2020: Q4Q3Q2Q1
    2019: Q4Q3Q2Q1
    2018: Q4Q3Q2Q1
    2017: Q4Q3Q2Q1
    2016: Q4Q3Q2Q1
    2015: Q4Q3Q2Q1
    2014: Q4Q3Q2Q1
    2013: Q4Q3Q2Q1
    2012: Q4Q3Q2Q1
    2011: Q4Q3Q2Q1
    2010: Q4Q3Q2Q1
    2009: Q4Q3Q2Q1
    2008: Q4Q3Q2Q1
    2007: Q4Q3Q2Q1
    2006: Q4Q3Q2Q1
    2005: Q4Q3Q2Q1
    2004: Q4Q3Q2Q1
    2003: Q4Q3Q2Q1
    2002: Q4Q3Q2Q1
     Subscribe via RSS:
    Raw XML
    Add to My Yahoo!
    follow us in feedly


    1. IMEA CMO Roundtable, May 14
    2. Envestnet Elevate 2024, May 14-15
    3. The Expect Miracles Foundation 5th Annual Distance Challenge, May 14-21
    4. ALFI Golf Tournament In New York, May 14
    5. MFDF webinar - The Improvisational Leader Callback Session, May 14
    6. ICI & ASECA: Celebrating 100 Years of the Mutual Fund, May 14
    7. WE U.S. - 10th Annual Event at InsideETFs, May 14
    8. WE Boston - Women's Initiative Joint Spring Networking Reception, May 15
    9. SEC IM 2024 Conference on Emerging Trends in Asset Management, May 16
    10. MFDF In Focus: Making Sense of ESG - A Morningstar Guide, May 16
    11. ALFI Roadshow to the USA, May 16
    12. 2024 ICI Leadership Summit, May 21-23
    13. MFDF webinar - Mutual Fund Director Compensation: the MPI Annual Survey (2024), May 21
    14. Schwab Institutional Investor Day, May 22
    15. MFDF Conference of Fund Leaders Forum, June 5
    16. MFDF in-person outreach: Continuing Regulatory Impacts on Fund Boards, June 11
    17. 2024 Nicsa Fearless Leadership Symposium, June 12
    18. 2024 MMI Leadership Pathway Seminar, Jun 12-14
    19. MFDF webinar - Digital Assets in the Fund Space (Part 1 of 2), June 12
    20. MFDF webinar - Lessons Learned from the Regional Bank Volatility and the Impact on Registered Funds, June 18
    21. MFDF Director Discussion Series - Open Forum (Philadelphia), June 20
    22. New York YPEM Cornhole Classic, June 25
    23. Morningstar Investment Conference Conference 2024, Jun 26-27
    24. MFDF webinar - Mid-Year Tax Update for Registered Investment Companies, July 16
    25. MFDF Director Discussion Series - Open Forum via Zoom, July 17
    26. MFDF Director Discussion Series - Open Forum (New York), July 23




    ©All rights reserved to InvestmentWires, Inc. 1997-2024
    14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
    Privacy Policy :: Terms of Use