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Rating:Among Public Fund Firms, Federated and T. Rowe Stand Out Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, June 15, 2010

Among Public Fund Firms, Federated and T. Rowe Stand Out

News summary by MFWire's editors

Only two publicly traded mutual fund firms drew positive net flows in May into their equity and hybrid products: those firms were Federated Investors and T. Rowe Price. That's one of the tidbits included yesterday by FBR's Bill Jackson and Matt Snowling in a Barron's Investor's Sopabox column on "The Best-Positioned Asset Managers."

Jackson and Snowling upped their outlooks for both Federated and T. Rowe, from underperform to market perform and from market perform to outperform, respectively. At the same time, thanks to a painful May ($18 billion in net ouflows from equity and hybrid funds drove $9.6 billion in overall net outflows), Jackson and Snowling have reduced their second quarter earnings-per-share estimates by 10 percent.

They also comment on Franklin Resources, Janus Capital Group, Legg Mason and Waddell & Reed Financial

Edited by: Neil Anderson, Managing Editor

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