Tracking the Fund Companies

Stocks of the nation’s publicly traded mutual fund companies have rallied from their lows, but some remain well below their 52-week highs. Shares of firms that manage out-of-favor foreign stock funds, like Franklin Resources and Pioneer Group, have been hit hardest. Shown below are details on the stocks, including price-to-earnings (P/E) ratios based on analysts’ consensus 1998 earnings-per-share estimates, and analysts’ consensus estimates for annualized earnings growth over the next five years.

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Ticker Monday 52-wk 52-wk P/E ratio Est 5-yr Company name symbol close high low (est. ‘98) growth Affiliated Managers AMG $27.31 $39.50 $13.38 23.8 +26.7% Charles Schwab SCH 53.00 58.50 27.75 44.1 +20.8 T. Rowe Price TROW 34.69 42.88 20.88 26.1 +16.9 Franklin Resources BEN 36.94 57.88 25.75 18.2 +15.8 Pioneer Group PIOG 16.50 33.88 9.56 N/A* +15.0 Alliance Capital AC 26.06 29.00 17.25 15.9 +14.6 Federated Investors FII 18.88 20.19 11.00 18.3 +14.0 Waddell & Reed Fin. WDR 20.75 28.00 16.44 15.6 +13.4 Pimco Advisors PA 31.50 35.94 24.25 20.9 +13.3 Eaton Vance EV 23.88 25.09 15.63 19.0 +13.0 Phoenix Investment PXP 8.06 10.13 6.56 18.0 +12.5 United Asset Mgmt. UAM 25.25 29.63 19.75 21.0 +10.6 Nvest NEW 28.38 36.88 21.06 13.9 +10.0 John Nuveen JNC 37.00 41.75 31.56 15.7 +9.0

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* N/A - not applicable, firm not expected to report 1998 profit.

Source: Bloomberg, IBES