Two asset management stocks to back in 2014

ON EQUITIES

clock

Shares in asset managers were among the most reliable financials during 2013, giving decent growth alongside well-covered dividends. Guinness manager Will Riley picks two asset managers set for more share price appreciation.

2013 was a good year for asset managers, with rising equity markets bringing cheer for both the businesses and their stocks. The MSCI World Index returned 21.2% to the end of December 2013, prompting significant investment inflows. Aberdeen’s acquisition of SWIP triggered an instant 14.7% jump in its share price and earned the sector mainstream media attention. Over the long term, we expect asset managers to grow their earnings and free cashflow faster than the broad market. While last year was a good year for the sector, we remain optimistic about its prospects. One company that i...

To continue reading this article...

Join Investment Week

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Specialist

Amazon shares are down 40% from its peak

Growth stock pickers feel like 'a kid in a candy shop'

'It is time to go shopping'

clock 22 June 2022 • 4 min read
Hari Ramanan, CIO of global research strategies at Neuberger Berman

Neuberger Berman: Staying on theme

Diverse exposure

Hari Ramanan
clock 26 May 2022 • 4 min read
Ritu Vohora of T. Rowe Price

From beverage manufacturers to luxury goods: How pricing power trumps inflation

Valuations matter more than before

Ritu Vohora
clock 12 May 2022 • 4 min read
Trustpilot