12-15-2015, 10:18 AM
(12-14-2015, 06:55 PM)Dividendsrule Wrote: My impression is it's also falling a bit because of the general bond selloff- if they have energy bonds that are in danger of default, contagion risks, etc.
I own a nice position in my Roth...Not selling. I think they should be able to innovate their way into the next tier of investment advisory, I thought I remember reading that they hired a new ETF pro.
It's a mutual fund company, and the secular trend is away from mutuals and towards ETF's. Their business model is to collect a % of AUM, so as AUM declines, their expected revenue will decline, as well.