Asset management stocks are still cheaper than they were a year ago, yet the recent rally suggests a need for caution when buying the biggest names and underperforming stocks are not likely to improve soon.

According to Keefe, Bruyette and Woods, for investors interested in cash, it’s a good idea to look into the chance of share buybacks. According to a 2007 study in The Journal of Finance, the “net payout ratio,” may also predict future equity returns better than the dividend yield. The ratio represents the percent of each invested dollar that a company is returning to shareholder.

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