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October 04, 2010 at 10:20 AM
The KBW Fund Performance Tracker found that equity funds for the 21 asset managers it followed were up about 9.1% in September and roughly 12.2% in the third quarter. Fixed-income returns rose about 1.0% on average in September and 4.0% in 3Q.
“This suggests Q3 investment returns are well ahead of the assumptions used in our current EPS forecast,” said the report authors Robert Lee and Larry Hedden, CFA, of Keefe, Bruyette and Woods in the firm’s October 1 report.
Returns of iShares ETFs for the S&P 500, MSCI EAFE, and MSCI Emerging Markets indices were 8.8%, 10.0%, and 11.8%, respectively, in September and 11.3%, 18.1%, and 20.0%, respectively, in 3Q.
In terms of fund families, third-quarter equity returns were best at AllianceBernstein and Artio, with asset-weighted returns of +16.3% and +15.3%, respectively, helped by a heavy weighting toward global/international products.
