In the Margins
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.
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