In the Margins

Funds weighed down by financials

February 26, 2016

By The Wall Street Journal

Some mutual funds have been getting weighed down so far this year by poor-performing financial stocks. Current valuations on large U.S. banks are factoring in “pessimistic, dire” scenarios that are unlikely to come true, says Emory Sanders, co-manager of the John Hancock Fundamental Large Cap Value Fund. Financial stocks in the S&P 500 declined 12.5% this year through Tuesday, while the broader index was down 6%. Read the original story from The Wall Street Journal



Most Read

10 Things
10 read in summer 2024

It's the Summer Solstice, and that means that for most of us the sun is shining, temperatures are heating up, and longer days allow for pursuits ...

Top of the Agenda - Compensation
Fund board pay increases in 2023, MPI survey says

Independent mutual fund directors saw an increase in compensation in 2023, on average, although actual compensation levels and percentage adjustments in compensation continue to vary widely ...