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Rating:Another Day of Decline for Fund Stocks Not Rated 1.5 Email Routing List Email & Route  Print Print
Wednesday, August 15, 2007

Another Day of Decline for Fund Stocks

Reported by Erin Kello

In a late day sell off today the Dow slid to a loss of 167 points, taking most fund company stocks down with it. Three fund company stocks did manage to eke out a gain, though.

Shares of Nuveen closed 0.76 percent up, while those of Hennessy were up 0.42 percent and Cohen & Steers, up 2.1 percent.

Losing 4 percent or more today were U.S. Global investors, down 5.6 percent; Calamos Investments, down 5 percent; Eaton Vance, down 4.6 percent and AllianceBernstein, down 4 percent.  

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