UBS on U.S. Asset Managers: Flow Weaken as Markets Sell Off - T. Rowe Price (ROWE) Bucks Trend
Tweet
Share
E-mailGet Alerts BLK Hot Sheet
Price: $1,156.55 +1.47%
Rating Summary:
20 Buy, 6 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
20 Buy, 6 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Join SI Premium – FREE
UBS on U.S. Asset Managers: Flow Weaken as Markets Sell Off
Analyst, Alex Kramm, said, "Following a strong 1Q, flows in the first half of the 2Q have slowed for the asset management industry. Long-term mutual fund flows are growing at roughly 3% on an annualized basis, which compares to 4% in 1Q12. Fixed income and hybrid flows remain robust despite a slight slowdown, while net outflows in equity funds have accelerated. Equity markets have sold off considerably at the same time, which is driving the majority of our estimate reductions."
Kramm remains positive on Blackrock (NYSE: BLK)(Buy), Invesco (NYSE: IVZ)(Buy), and Franklin Resources (NYSE: BEN), despite slowing flows. Kramm labeled T. Rowe Price (Nasdaq: TROW) as the winner of the group, saying TROW bucked the trend, bringing 10% organic growth in April to its U.S. Mutual Funds.
Analyst, Alex Kramm, said, "Following a strong 1Q, flows in the first half of the 2Q have slowed for the asset management industry. Long-term mutual fund flows are growing at roughly 3% on an annualized basis, which compares to 4% in 1Q12. Fixed income and hybrid flows remain robust despite a slight slowdown, while net outflows in equity funds have accelerated. Equity markets have sold off considerably at the same time, which is driving the majority of our estimate reductions."
Kramm remains positive on Blackrock (NYSE: BLK)(Buy), Invesco (NYSE: IVZ)(Buy), and Franklin Resources (NYSE: BEN), despite slowing flows. Kramm labeled T. Rowe Price (Nasdaq: TROW) as the winner of the group, saying TROW bucked the trend, bringing 10% organic growth in April to its U.S. Mutual Funds.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Advance Auto Parts (AAP) PT Lowered to $48 at DA Davidson Following 25% Selloff Post Q2 Results
- DA Davidson Reiterates Buy Rating on Box, Inc. (BOX) on Secular Tailwinds for Demand
- Benchmark Reiterates Buy Rating on NVIDIA (NVDA), Updates Estimates
Create E-mail Alert Related Categories
Analyst CommentsRelated Entities
UBSSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
