Assets under management and under custody at the big custodian banks are up. Given the rally in global financial markets of late this shouldn’t come as a big surprise. However the stocks of these banks have not participated fully. Admittedly the entire financial sector has been disappointing, but these stocks have even underperformed their large financial peers. This is due in part to the overhang of an investigation into forex dealings and the continuation of low interest rates. However one stock stands out, in part because of its exposure to the fast-growing ETF industry. In today’s screencast a look at the big custodian banks.
Items mentioned in the above screencast:
One of these things is not like the other. (Dragonfly Capital)