In the Margins

Goldman: 'Tepid' growth ahead for asset management biz

January 12, 2016

By Barron's

Goldman Sachs analyst Alexander Blostein said to expect “tepid” growth in the asset management industry as money shifts from actively managed funds to passive, investors flee bonds, and market volatility forces retail investors to punt their holdings. The sector is as cheap as it’s been since 2012, with an average price-to-earnings at 13.7 over the next 12 months, but the analyst said to be careful to avoid value traps. Read the original story from Barron's.

 

 

Most Read

10 Things
10 Things...to read in summer 2025

It's officially summertime, which means FBV's annual Summer Reading List is here. We curate the list each year by soliciting recommendations from our readers and friends ...

Top of the Agenda - Governance
ASA board enlarged, timeline to AGM unclear

ASA Gold and Precious Metals Ltd. shareholders voted at a special meeting last week to enlarge the closed-end fund's board and elected a fifth independent director, one ...