MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Tuesday, June 15, 2010 Among Public Fund Firms, Federated and T. Rowe Stand Out 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. Printed from: MFWire.com/story.asp?s=32503 Copyright 2010, InvestmentWires, Inc. All Rights Reserved |