Hey, Money Managers, Stop Putting the Squeeze on Investors

- By

(Wall Street Journal) — With the markets serving up nothing but lemons, it is high time Wall Street started helping investors make lemonade. Stocks have gone nowhere for a decade, bond yields are near record lows and you couldn’t find the return on your money-market fund if you put it under an electron microscope. But the 10 major publicly traded fund-management companies had a combined $21 billion in revenue last year. Their net margins—the percentage of every dollar they take in that turns into pure profit—still are running at up to 25.5%, a rate most businesses could reach only in their dreams.

Read More…

Comment Disclaimer: Comments that contain profane or derogatory language, video links or exceed 200 words will require approval by a moderator before appearing in the comment section. XOXO-MN