Susquehanna Analysts Doug Sipkin and Justin LaSalle-Tarantin analyze the fallout on asset managers and brokers of the Fed’s decision not to press ahead with the much-feared ‘tapering.’ Non tapering impact on asset management side Franklin Resources, Inc.(NYSE:BEN) is one of the biggest beneficiaries of the Fed’s largesse. The two heavyweight products of the firm, namely the Templeton Growth Fund, Inc. Class A (MUTF:TEPLX) and on Templeton Global Bond Fund Class A (MUTF:TPINX) had turned in an excellent record during September, and the Fed’s action coming on top of that was an added bonanza. The passive ETF managers such as iShares are…
Non-Tapering: Short-term Impact On Brokers And Asset Managers
HFA Staff
The post above is drafted by the collaboration of the Hedge Fund Alpha Team.