Despite high oil prices, rising interest rates and doubt over the economy due to catastrophic hurricanes, U.S. asset management companies are likely to report high quarterly earnings reports, Dow Jones reports.
Equity markets performed well during the third quarter, according to David Haas, an analyst at
The
"The market has been amazingly resilient over the last quarter," said Eric Fitzwater, senior analyst at Charlottesville, Va.-based
Since the bond market is also doing well, fixed income are also expected to do well even though short-term interest rates are rising.
