TROW. I'll continue to hold and will add more if stock drops. Active funds aren't doing so well now so there's impetus to go with index funds. Plus many studies show index funds to perform better than mutual fund managers over time -- the active vs. passive debate.
I wonder if this is a permanent change and we will continue to see the trend of mutual fund withdrawals. If, though, the perception or belief that index funds are superior to active management changes -- we will see the withdrawal rate cease and money inflows increase to active managers.
I believe TROW to be one of the better asset managers, and its stock to be reasonably-priced in relation to the quality of its management and historical performance.
If, IF, the market keeps climbing, then historically asset managers have done well (the stocks thereof). Maybe it's all changed now. I'll bet that at some point people will want to have a good portion of their assets professionally managed. Dangerous to just put money in an index fund -- i.e. what kind of index, or what indices -- s&p 500 (so obvious), all cap, small cap, value?
Anyway, I continue to hold shares of MN, AMP, TROW, BEN, AMG, FNGN |
