Affiliated Managers Defies Fund Shift With Unanimous Buys
Analysts are more unanimous in their support for Affiliated Managers Group Inc. than any other stock in the S&P 500 Index, even though an industry trend is working against the company. The asset manager has buy ratings or an equivalent from all 10 analysts in a Bloomberg survey, the most among S&P 500 stocks without a hold or sell rating. Affiliated Managers invests in companies that run actively managed funds, and the category has fallen out of favor as investors shift to index-based funds.