Traditional Asset Managers At Ten Year Low Vs S&P 500
Stocks of traditional asset management companies have been slow movers compared to the broad market measured by the S&P 500 (INDEXSP:.INX) during the year so far. In fact, with the exception of banks, the performance of traditional asset managers has lagged most financial sub-sectors.
“While absolute valuations are near long-term averages, the relative multiple of the group versus the S&P sits at roughly a 20 percentage point . . .
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