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Tuesday, September 29, 2009

The Street Smiles on Public Fund Firms

News summary by MFWire's editors

Has the mutual fund industry started its own post-market-correction recovery? In the Tuesday Wall Street Journal "Fund Track" column, Sam Mamudi reports that stock analysts have positive outlooks or ratings for several publicly-traded asset managers, including: Affiliated Managers Group, AllianceBernstein, Calamos, Franklin, Invesco, Janus, T. Rowe Price and Waddell & Reed.

Yet the news isn't good for all asset managers. The same analysts also worried about Cohen & Steers, Eaton Vance, Federated, Gamco and Legg Mason

Edited by: Neil Anderson, Managing Editor

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