MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Friday, August 5, 2011 Stock Market Slide Has Asset Managers' Phones Buzzing The Dow Jones Industrial Average's 512.76-point slide yesterday triggered a jump in call-center volume at firms such as T. Rowe Price, the Wall Street Journal reports. Yesterday saw the worst single-day point drop for the Dow since December 1, 2008. Matthew Rubin, Neuberger Berman's director of investment strategy told the WSJ: "We were on the phones all day. Markets are driven by fear or greed, and we're definitely in the fear period now." The WSJ article also mentioned an increase in call volume at discount broker Charles Schwab Corp. Printed from: MFWire.com/story.asp?s=37506 Copyright 2011, InvestmentWires, Inc. All Rights Reserved |