Plowing the through the earnings releases mutual fund firms have put out this week, The Wall Street Journal
's "Fund Track" Friday
noted that after a particularly horrific 2008, Franklin Resources
and T. Rowe Price
have turned themselves around, outperforming analyst expectations.
"Our revenues, after being destroyed [in the final 2008 quarter], are very much on the mend," James Kennedy
, chief executive of T. Rowe told The Journal's Sam Mamudi.
"There's no question it's a different world today than a year ago," added Marty Flanagan
, president and CEO of Invesco. "People are still scared … but the economy's getting stronger."
was another strong performer this quarter, with increased revenue and AUM, in part thanks to the Barclays deal.
, on the other hand, saw a $33 billion outflow in Q4, although it reported a 48 cent per share profit.
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