BK, PSEC and JNS Rated by Street-Wire as Stabilizing Financial Markets Bestow Some Edge to the Industry
In 2012, concerns over the Eurozone debt crisis, the U.S. fiscal cliff and a hard landing in China sparked volatility in the global financial markets. For the asset management industry, it was a year of capital preservation rather than capital appreciation. However, financial markets have stabilized as the Eurozone debt crisis worries have eased, the fiscal cliff has been averted and China's economic outlook is improving. For major players in the asset management industry such as Bank of New York Mellon Corporation (NYSE:BK), Prospect Capital Corporation (NASDAQ
SEC) and Janus Capital Group Inc. (NYSE:JNS), 2013 could be a solid year. Street-Wire.com has added BK, PSEC and JNJ this morning to their Daily Rating Watch List. Rating can mean a number of things for investors and we encourage all shareholders to sign up to speak to a member of our research team today at