The reason this: Assets under management are rising at some, but not all firms. Money is flowing into some of these firms, but not all. Margins are being squeezed almost everywhere. And many investment firms — where investors were hoping for better quarterly results — are taking it on the chin.Another firm to consider is Invesco (IVZ: , , ), which just raised its dividend 41% and reported inflow of $8 billion for the quarter, $2 billion more than Morningstar’s forecast. Zacks upgraded in April its recommendation on Invesco to outperform, citing its sustained earnings and healthy assets under management.
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Should You Buy Shares in Funds — or Fund Companies?