Shares of publicly traded mutual fund companies rose an average of 6.6% in the first nine months of the year, as opposed to 2.8% for the S&P 500, and one high-profile analyst expects firms to report strong earnings for the third quarter, MarketWatch reports.

Guy Moszkowski, an analyst at Merrill Lynch, raised his estimates for a number of fund companies for the quarter, citing strong stock returns and solid asset flows for companies with international funds. Companies Moszkowski likes include T. Rowe Price, Affiliated Managers, Franklin Resources and Alliance Capital Management.

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