Ashleigh Rogers
Long/short equity, growth at reasonable price, value, banks

Franklin Resources Seems To Be Falling Out Of Favor

Asset management is a fickle business. Performance at funds is always due to a combination of skill (or lack thereof) and luck (good or bad), and thus the returns at funds managed by firms like Franklin Resources (NYSE:BEN) tends to ebb and flow over time at even the best and worst of fund managers. Yet at the same time, investors chase past performance as if it were persistent and an accurate predictor of future performance. (It's not as numerous research studies have show.) Since the stock price and earnings of asset managers like BEN tends to follow assets under management (or AUM) levels then, it stands to reason that investors should care a lot about performance at company...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
FREESA PRO MEMBERS
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO."Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else."Patrick Rice, Mainstay Capital Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details