Legg Mason Inc
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The main players in asset managementThe efficient market hypothesis maintains that the market prices everything correctly and so it isn’t possible to outperform the market in the long run.
How big is the asset management industry?Audited and verified annual figures at the end of 2013 indicate that total assets under management of US registered investment companies equalled nearly $17.1 trillion.
The salient features of mutual fundsThere are investors who are willing to take on higher risk to generate above-average market returns. For these investors, active funds offer the optimal investment avenue.
Show it: How mutual funds make moneyIn return for investing a client’s money, mutual funds charge a fee, generally an annual fee set as a percentage of the client’s assets. This fee is the only source of income for a mutual fund-focused asset manager.
Company & Industry Overviews
T. Rowe Price Group: It Takes Seed Capital to Build New FundsThe length of time seed capital is held in a portfolio depends on various factors such as how long it takes to generate cash flow from unrelated investors.