2 Top Asset Management Stocks to Buy in August
There is some debate about whether we are in a new bull market. The S&P 500 is up 28% from its 52-week low in October 2022 but still down 6.6% from its previous all-time high close. As long-term investors, investors probably shouldn't get caught up in these relatively near-term market fluctuations. Instead, they should remember that bull markets tend to last three and a half times longer than bear markets.
One group that does take note of market fluctuations is asset managers. These investing experts manage funds on behalf of clients and tend to be big beneficiaries during economic expansions and bull markets. These companies earn fees on the total amount of assets under management (AUM), so when these assets grow during expansions, their fees do, too.
The steady revenue stream they receive also makes asset managers solid dividend stocks.
Source Fool.com
