August 15, 2009

Currency day trading – Few investors seem to be aware of the existence of some sixteen publicly held mutual fund management companies, most of which have come to the market in the last two years.

During this short period of their existence, they have experienced an outstanding growth record, comparable to any of the growth industries. That's why management company shares were priced at high earnings multiples 30 to 40 times 1959 earnings. A number of factors have brought about their subsequent decline in market evaluation, with most shares, as of March 1961 available at about 15 to 20 times estimated 1961 earnings. Among them are adverse effects from a falling stock market, low level of new mutual fund share sales, and growing criticism of their contractual relationship with mutual funds. However, the current market evaluation has overlooked the excellent growth potentials of the industry in favor of the troubles which may beset the group at some future time. The basic growth prospects of management companies is, of course, based on the continuously excellent growth potentials of the mutual fund industry which is expected to keep outgrowing its competitors for savings because of its basic advantages of diversification and professional management.

Currency day trading – Few investors seem to be aware of the existence of some sixteen publicly held mutual fund management companies, most of which have come to the market in the last two years.

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