This equals the pace of January's ICI trends report, one of the stronger months of the past half year. In recent weeks, cyclical stocks and small caps have rebounded. We continue to view new fund flows and broader market participation as the catalysts to renewed interest in the asset management sector. Some of its recent acquisitions have performed well. The firm is largely an institutional equity manager with value and growth styles.
Redemptions offset rising gross sales.
The high net worth manager reported strong top-line growth two weeks ago. All four companies will report earnings this week. Franklin Resources BEN 35.19 0.5 10.0 Gabelli Asset Mgt. United Asset Mgmt. U.S. Trust Corp.