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Why Affiliated Managers Group Stock Was Up 27.6% This Week

TheMotleyFool

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Why Affiliated Managers Group Stock Was Up 27.6% This Week: https://g.foolcdn.com/editorial/images/709066/a-person-at-desk-looking-at-data.jpg

The share price of Affiliated Managers Group (NYSE: AMG) shot up 27.6% this week from last Friday's close as of 11 a.m. ET today, according to S&P Global Market Intelligence. It had been up as much as 28.6% during the week. As of 11 a.m. ET on Friday, AMGʻs stock price was only down 4% year to date.

It bested the weekly gains for the major indexes, as the Dow Jones Industrial Average was up 3.6%, the S&P 500 was up 5.4%, and the Nasdaq gained 7.6% as of 11:15 a.m. ET on Friday.

Affiliated Managers Group is an investment management company that owns stakes in a variety of boutique asset managers, including Frontier Capital Management and Beutel Goodman, and offers the AMG family of funds.

Source Fool.com

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