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Tuesday, September 03, 2013|
Seeking Alpha Says Eaton Vance Faces "Headwinds"
Seeking Alpha's Ashleigh Rogers writes that Eaton Vance [profile] manufacturing profits may "take a hit" and writes that the firm is "underperforming other asset managers in attracting new assets across equity categories."
Looking at Eaton Vance's AUM, nearly 75 percent comes from individuals, which is both good and bad for the firm, Rogers writes, because individual investors aren't as sophisticated, allowing for them to charge higher fees, but they are likely to look at recent returns. The firm's performance has been weak of late, which doesn't help retain these investors in particular.
Rogers says the firm isn't seeing net inflows over any sustained period, with the firm seeing a 14 percent year over year increase in AUM year over year at the end of fiscal year 2012. Though Eaton vance is pulling in net asset flows on a somewhat consistent basis, the trends aren't as healthy as they need to be, Rogers writes.
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