Asset management sector 'remains unattractive' despite recent sell-off

HSBC slashes target prices for many large UK-listed groups, claiming the sector is not ‘uniformly good value'

Fund managers and analysts have warned investors against plunging back into the asset management sector following the recent market sell-off.  UK-listed asset managers have seen their share prices tumble by around 25% since July. However, even at these lower levels, analysts at HSBC say the majority of the sector is still not looking attractive. Assessing a group of the largest UK-listed asset managers, including Aberdeen, Ashmore, F&C, Henderson, Jupiter, Man Group and Schroders, HSBC Bank slashed target prices for every provider except Jupiter. In a note released at the end of O...