Asset managers saw stellar performance in their most recent quarterly earnings. Strong markets across different asset classes — like exchange-traded funds (ETFs), mutual funds, and private equity — along with an improving economic backdrop were key to asset managers’ solid performance in the most recent quarter and year.
Strong revenue growth was driven by solid investment performance and has boosted assets under management (AUM) at these companies significantly in the past year. Three companies posting good earnings reports in the space were BlackRock (NYSE:BLK),....More>>>
