While the S&P 500 has risen 11% and the average U.S. equity fund has gained 14% in the past five years, the five largest publicly traded investment management firms are up nearly 30%, The New York Times reports. Those five companies are AllianceBerstein, BlackRock, Franklin Resources, Legg Mason and T. Rowe Price.

“I’ll take the returns of the stocks over the funds over any time frame,” said Morningstar Analyst Rachel Barnard.

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