Driven by 401(k) contributions and the increasing popularity of exchange-traded funds, stock sales of major mutual fund companies have significantly outpaced those of more traditional stocks and bonds, according to a report from USA Today.
Interestingly, fund shops caught in the recent scandal have rebounded to become among the most profitable. For example, after watching its value tumble nearly 74% during the last bear market, the stock of Denver-based
"In both companies, it seems like performance is improving," David Haas, an analyst at
Janus, Baltimore-based
Another outstanding performer is precious metals fund manager U.S. Global Investors. The San Antonio, Texas, shop has witnessed, on average, a 20.5% increase in its stock value in 2005. Since September, the stock price has shot up 91.8%.