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Rating:Mutual Fund Stocks Dip with the Market Not Rated 2.0 Email Routing List Email & Route  Print Print
Tuesday, August 14, 2007

Mutual Fund Stocks Dip with the Market

Reported by Erin Kello

The roller coaster ride that is the stock market this month took another dip today, taking mutual fund company stocks down with it.

As the Dow fell 207 points today, all but one of the 19 publicly traded fund stocks tracked by the MFWire fell with it.

The lone fund stock which bucked the trend was that of Integrity Mutual Funds. Shares of the Minot, North Dakota-based firm gained 2.6 percent, presumably due to the release of the firm's good second quarter results today.

Fund company shares seeing drops of more than 3 percent today were U.S. Global Investors, down 7.5 percent; Calamos Investments, down 4.8 percent; Cohen & Steers, down 4.7 percent; Invesco Plc down 3.9 percent; Federated Investors, down 3.8 percent; AllianceBernstein, down 3.8 percent and SEI, down 3.7 percent.  

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