Today the Dow Jones Industrial Average fell 3.68 percent, the S&P 500 4.46 and the Nasdaq 5.22 percent, following big dips in European and Asian markets [see the Wall Street Journal]. The mutual fund business is largely dependent on asset-based fees, so how are fund firms weathering the market quake? We've compiled data on publicly-traded mutual fund firms, publicly-traded parents of mutual fund firms, and other firms related to the business (see chart below). All told, 41 of the 58 stocks on this list fell further than the S&P 500 today, and 8 of the remaining 17 were down at least three percent, too.

Only the stocks of a handful of smaller firms -- Hennessy Advisors, U.S. Global Investors, Value Line and W.P. Stewart -- managed to avoid falling today.

On the other side of the spectrum, five stocks on this list tumbled at least twice as far as the S&P 500 today -- Affiliated Managers Group, Credit Suisse, Invesco, TCW parent Societe Generale, and Ivy Funds parent Waddell & Reed.

MFWire.com also covered a similar market plunge earlier this month [see MFWire.com, 8/5/2011].

Publicly-Traded Fund Firms, B-Ds and Others
Ticker	Company (Fund Firm/B-D)	Share Price at 2:30 EDT, 8/18/2011	Percent Drop Today
AB	AllianceBernstein Holding LP	14.45	0.49
AMG	Affiliated Managers Group, Inc.	77.39	-9.59
AMP	Ameriprise Financial, Inc. (Columbia)	40.91	-7.15
ART	Artio Global Investors, Inc.	8.5	-4.28
AZSEY	Allianz SE (Pimco)	10.17	-7.04
BAC	Bank of America Corp (Merrill Lynch)	7.04	-5.63
BEN	Franklin Resources, Inc. (Franklin Templeton)	109.91	-5.05
BK	The Bank of New York Mellon Corporation (Dreyfus)	19.57	-5.87
BLK	BlackRock, Inc.	152.28	-5.52
CNS	Cohen & Steers, Inc.	34.46	-7.14
COWN	Cowen Group, Inc. (Ramius)	3.23	-7.45
CS	Credit Suisse Group AG	26.67	-9.04
DB	Deutsche Bank AG (DWS)	39.9	-6.99
DHIL	Diamond Hill Investment Group, Inc.	67.88	-4.31
DST	DST Systems, Inc.	44.7	-6.05
ENV	Envestnet, Inc.	11.48	-3.45
EV	Eaton Vance Corp.	21.53	-6.59
FBRC	FBR & Co.	2.46	-5.38
FII	Federated Investors, Inc.	16.58	-4.00
FNGN	Financial Engines, Inc.	18.67	-7.89
GBL	Gamco Investors Inc.	41	-5.51
GE	General Electric Company	15.34	-5.48
GROW	U.S. Global Investors, Inc.	6.73	1.20
GS	Goldman Sachs Group, Inc.	113.31	-3.36
HNNA	Hennessy Advisors Inc.	3	0.00
IVZ	Invesco Ltd.	16.22	-9.18
JEF	Jefferies Group, Inc.	14.95	-8.84
JNS	Janus Capital Group Inc.	6.07	-7.75
JPM	JPMorgan Chase & Co.	35.19	-3.77
EPA:KN	Natixis SA	2.9	-6.04
LAZ	Lazard Ltd	27.29	-5.54
LM	Legg Mason, Inc.	25.59	-5.26
LPLA	LPL Investment Holdings Inc.	26.67	-1.44
MFC	ManuLife Financial Corporation (John Hancock)	13.25	-6.56
MORN	Morningstar, Inc.	54.02	-5.58
ASX:MQG	Macquarie Group (Delaware)	25.32	-1.78
MS	Morgan Stanley (Morgan Stanley Smith Barney)	16.2	-4.76
NTRS	Northern Trust Corporation	35.35	-5.10
LON:OML	Old Mutual plc	113.15	-1.69
PFG	Principal Financial Group, Inc.	22.32	-6.18
TSE:PWF	Power Financial Corporation (Putnam)	26.14	-3.26
RJF	Raymond James Financial, Inc.	24.96	-7.59
SCGLY	Societe Generale SA (TCW)	6.33	-10.47
SCHW	The Charles Schwab Corporation	11.8	-5.98
LON:SDR	Schroders plc	1424.57	-4.33
SEIC	SEI Investments Company	16.13	-5.89
STT	State Street Corporation	32.67	-6.15
TROW	T. Rowe Price Group, Inc.	47.08	-7.65
UBS	UBS AG	13.41	-8.34
BIT:UCG	Unicredit Italiano (Pioneer)	0.956	-7.41
UMBF	UMB Financial Corporation (Scout)	35.01	-5.40
VALU	Value Line, Inc.	10.5	0.67
VRTS	Virtus Investment Partners, Inc.	55.41	-8.43
WDR	Waddell & Reed Financial, Inc. (Ivy)	28.14	-9.92
WFC	Wells Fargo & Company	23.72	-4.66
WHG	Westwood Holdings Group, Inc.	32.99	-5.12
WPSL	W.P. Stewart & Co., Ltd.	6.4	0.00
WETF	WisdomTree Investments, Inc.	7.75	-2.76
Source: Google Finance

 

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