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As we emphasized, the largest stocks within this group are fairly diversified, so this would be a good group to look at for broad commodity-related moves. The Asset Management group has a PowerRating (for Industries) of 10. From 1996-2006, groups with a PowerRating (for Industries) of 9 have an annualized return of 24.07%. By contrast, industries with a PowerRating (for Industries) of 10 have an annualized return of 35.27% based on 3-month historical returns. This is the best PowerRatings (for Industries) possible, so it would be a good idea to break down this sector.
The Asset Management group, as a whole, has had a very mixed year thus far.
Affiliated Managers (AMG@AMG | Quote | Chart | News | PowerRating) has more or less followed the broad market; it is clear that this group fund was exposed to the subprime and credit dangers which rocked the market earlier this year. And we see that this stock has also rallied big in the last few weeks, also perfectly in-line with the broader indices.
Franklin Resources (BEN@BEN | Quote | Chart | News | PowerRating), on the other hand, paints a different picture. This fund was also exposed to the recent credit problems, but the difference between the two stocks lies in their respective rebounds. While AMG has rocketed back, BEN has made a much more conservative move, with a bounce followed by some consolidation.
Affiliated Managers' PowerRating (for Investors) is 8.
Franklin Resources' PowerRating (for Investors) is
Across the board, it would be wise to check out the stocks in this group to look for potential opportunities. As we see with AMG, these stocks are primed and ready to make big moves over a short period of time.
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