Sorry my Kindle subscription won’t link to board. It’s a bit of a struggle just to excerpt short passages and post those. One way to dig up the article online is to cut & past the excerpt and than search for it. With some patience and using “Duck Go” or another good browser sometimes articles can be pulled up in their entirety - at least at first grab.
The article is relatively brief. Most of us are aware these asset managers are way down. They tend to wax and wane as equity markets rise and fall, which affects their AUM. I’d say Barron’s was favorably disposed towards all 5 which I listed above. (Pick your own poison.) I’m saturated with financial type holdings. So not very interested in these. Otherwise I’d venture into BlackRock.
My next foray will be to dive into some depressed tech. Hence, some interest in blue chip funds which tend to own a lot. I did notice that PRMTX is now open. A great fund in the past. Wouldn’t mind owning some. But suffering from fund inflation (having too many).
Added: I’ll humbly submit that those of us who have witnessed first-hand some of the underlying issues at T. Rowe Price (primarily client commitment and service) may have a better “take” on the overall prospects for this firm than some analyst looking at historical performance or past and present P/E ratios. Those issues have been repeatedly referenced / described for well over a year now by some pretty astute members here. My guess is that they won’t be easily or quickly fixed.

“Mary Ellen has 43 years of investment experience managing a broad range of fixed income portfolios. She is responsible for the formulation of fixed income strategy as well as the development and implementation of all fixed income asset management services. Mary Ellen serves on the board of Baird Financial Group, is President of the Baird Funds and is chair of the Baird Diversity Steering Committee.” Source
Currently age 64. Must have begun managing money at 21. The Bond Bull began 2 years later.

Sorry, but PQTIX lost 1.70% today.
But, PGAGX - PGIM Wadhwani Systematic Absolute Return Fund gained 0.66%! PGAGX, a fairly new fund, is currently on my watch list. Looking for lower volatility funds in this category. So far, so good.
According to the Financial Times, the investment objective of the related UK fund is to seek a positive return on capital while simultaneously attempting to limit the risk of capital loss using a multi-faceted risk management. PGAGX intends to achieve its investment objective through investment in financial markets globally, gaining exposure through the use of financial derivative instruments to currencies (through forward foreign exchange contracts), fixed income securities (through bond futures) and equity securities (through equity index futures and equity index swaps) or by investing directly in equities.
Per M*, the manager, Dr. Sushil Wadhwani, CBE, is the Chief Investment Officer for QMAW, originally founded as Wadhwani Asset Management in October 2002. Prior to joining QMA, Sushil served as the Founder and Chief Executive Officer of Wadhwani Asset Management. He was formerly a full-time member of the Monetary Policy Committee at the Bank of England from 1999 to 2002. Prior to this, his roles included director of research, head of systems trading and partner at the Tudor Group, and director of equity strategy at Goldman Sachs International Ltd, and as an academic economist at the London School of Economics. He has over 25 years of quantitative modelling experience and runs a high calibre team of quantitative and qualitative research analysts...
Fred

I agree with this article. The first one was the best sign of a 'top' in crypto, in my view.
The Clues You Missed: 5 Super-Obvious Signs We Were in a Financial Bubble
https://nymag.com/intelligencer/2022/06/crypto-crash-5-obvious-market-top-signals-everyone-missed.html

"So the team in place to manage the economy -- Paulsen at the Fed, Yellen at Treasury --- failed so miserably at managing to 2%, they want to "grade on a curve" --moving the Pass/fail mark to 4%...?
The team needs to go. They are failures. They've failed in their management of the economy."

Edmond seems to be disappointed by the results of our financial team. I'd be very interested to see him list a few nations who have done the job "properly" according to his standards.

June 9th exclusive:

n a WEALTHTRACK exclusive legendary financial thought leader, Charles Ellis explains why after decades of searching for outstanding money managers he has become a big believer in indexing.

Indexing interview

Found this at Alight Financial Services:
https://www.alightfinancialsolutions.com/pdf/Final_Fund_Listing_Jan-2020.pdf?ts=274

Absolutely correct. Pure grandstanding.
If they wanted to actually do something, they could repeal the statute that Congress passed in 2009 permitting the mutual fund window. Or they could have followed protocol and made comments on the fund window proposal, which the FRTIB would have had to respond to.
It's even worse than grandstanding, it's dishonest. From the letter:

it is unlikely that your Board would be able to ensure that the approximately 5,000 mutual funds are all free of Chinese firms that pose a direct threat to American national security, enterprises implicated in Chinese Communist Party (CCP) human rights abuses, or companies that otherwise lack the requisite financial transparency and fiduciary responsibility to qualify as prudent investment opportunities. In fact, the FRTIB has explicitly acknowledged as much ...

This is deliberately conflating risk to a portfolio with threats, real or not, posed by some companies within said portfolio. In fact, the FRTIB emphasized the prudent nature of moving the I fund benchmark from the EAFE to the ACWI ex-US index.

In coming to this decision [to switch to ACWI ex-US], the Board noted that moving to the broader I Fund benchmark is in the best interest of participants and beneficiaries, a current best practice in the investment industry, and is widely recognized as a smart strategy in today’s market. The ten largest U.S. companies’ 401(k) plans all invest in emerging markets, as do the ten largest federal contractor plans and the six largest target date fund providers. In addition, the 20 largest defined benefit plans—all of which are for state government workers—invest in emerging markets. TSP participants can decide which TSP funds they want to invest in.

https://www.tsp.gov/plan-news/investment-benchmark-update/
The letter continues:

After widespread and bipartisan outrage in 2020, the FRTIB voted unanimously to abandon the ACWI ex-US IMI transition.

Granting, for the sake of argument, such widespread outrage (which seems dubious as few track such details}, the delaying (not abandoning) of the transition was due to other reasons, notably covid:

Board defers action on I Fund transition — Due to a meaningfully different economic environment related in large part to the impact of the global COVID-19 pandemic, as well as the nomination of three new Federal Retirement Thrift Investment Board Members, pending further study, the Board is delaying the implementation of the I Fund benchmark change to the MSCI ACWI ex-U.S. Investible Market index from the MSCI EAFE index.

https://www.tsp.gov/plan-news/i-fund-transition-defer-2020-05-13/
Further down in the letter:

U.S. service-members and other federal employees would likely be shocked to learn that the FRTIB is unaware of which companies make up these approved funds or what risk those companies pose. ... When they invest through TSP, they rightly expect the FRTIB will protect them and their investments from these types of dangerous investments.

That seems to be belied by the very minutes cited in the letter. The FRTIB not only acknowledged the presence of Chinese companies in some the 5000+ funds available in the US (though identifying specific investments at every moment in time would be problematic). It also acknowledged that the developed nations benchmark used by the I fund already includes Chinese companies via Hong Kong.

She also noted that the TSP’s current I Fund index includes Hong Kong, which is part of China, and that there is no widely recognized index for developed markets that excludes Hong Kong. As such, to both divest from Hong Kong equities and create a new, specially designed index without Chinese investments would increase costs to all TSP participants. It would also preclude the implementation of the TSP mutual fund window, as monitoring approximately 5,000 mutual funds for any investments in Chinese entities would prove too costly for the plan.

https://www.frtib.gov/meeting_minutes/2021/2021May.pdf

BlackRock/BLK has been TSP fund manager for years (except for SV G Fund that is directly under the Treasury Secretary). State Street/STT was recently added as 2nd manager for small portions.
FWIW, the US Government also relied on Blackrock's risk asset management tools during the financial crisis.

Anna your suspicions are correct! In 2025, if the GOP gains control of the WH, Senate and House, one of their priorities will be turning the TSP over to some fund management behemoth like Blackrock, Fidelity , Voya, Prudential Financial, etc-whichever firm makes the largest and most strategic campaign donations!

Whelp the changeover occurred so I can see my account. Had to re-register ;the usual stuff. The mutual fund window option is there but I cannot see the funds available. It says I CAN open the MFW but with the high costs and unknowns...not to keen to sign up just to see what is in it. Don't know if anyone cares but a financial guy I know told me always keep some money in the G fund, even if you move most of your account out at retirement. He worked at PIMCO and Treasury and noted that the G fund by law cannot lose money and can be very responsive to interest rates. FWIW.

I found this article from Investopedia
https://www.investopedia.com/articles/investing/082015/3-biggest-misconceptions-dividend-stocks.asp
useful in thinking about picking funds that pay dividends. My first reaction to the OP led to a suggestion that Free Cash Flow may be just as important a criterion in choosing funds that will pay a decent yield. Obviously the managers of a fund such as SCHD are well aware of this measure of a company’s financial health because without FCF no safe dividends can be paid. I have tilted my LCV and MCV allocations towards funds such as COWZ (which pays a quarterly dividend) and GQEPX and away from stalwarts such as VIG. I think CDC is worth considering as is DSTL. To be clear, my primary goal is not current income, and I reinvest all distributions. For an investor experienced in trading CEFs, some equity funds have adopted distribution plans that may pay out 6-8% on a quarterly schedule. HQL and BME are funds I have held. There are, of course, fixed income CEFs that can provide reliable yield; they don’t happen to fit my style of investing.

We once had a poster here that used ZH often to further his political talking points, even after the Russian proxy slant was brought up. I think he changed his name and doesn't post to often anymore.
U.S. Accuses Zero Hedge of Spreading Russian Propaganda
https://www.bloomberg.com/news/articles/2022-02-15/us-accuses-financial-website-of-spreading-russian-propaganda

Hopefully we aren't going full-on "Carter malaise" for the next few years. But can we expect an immediate rebound if only some sectors have taken a beating? The disparity is quite large.
Value has been trumped by Growth for many years, and perhaps there is some payback here. High-dividend equity has been a good place to be so far YTD (as interest rates rise).
I would like to see the pain extend across the spectrum a bit more before calling Uncle. Even defensive sectors should get their due in a Bear market.
YEAR TO DATE RELATIVE PERFORMANCE
+37.3% Energy
-1.8 Basic Materials
-2.8 Utilities
-8.1 Consumer Defensive
-12.0 Healthcare
-12.2 Financial
-16.1 Industrials
-19.8 Real Estate
-28.1 Communication Services
-29.4 Tech
-33.7 Consumer Cyclical

@Baseball_Fan
https://rand.org/content/dam/rand/pubs/research_reports/RR2200/RR2237/RAND_RR2237.pdf
https://newrepublic.com/amp/article/156788/zero-hedge-russian-trojan-horse
https://bloomberg.com/news/articles/2022-02-15/us-accuses-financial-website-of-spreading-russian-propaganda
https://newyorker.com/news/benjamin-wallace-wells/is-the-alt-right-for-real
Not that you care. It's old news, and still true today.

In any case, I really don't understand why this post was moved from the "Off-Topic" section to the Financial section. It was a bit weird even there- it seems totally out of place over here.

In matters controversial, consider the source.

In any case, I really don't understand why this post was moved from the "Off-Topic" section to the Financial section. It was a bit weird even there- it seems totally out of place over here.

Again, Zerohedge is a Russian asset:
https://bloomberg.com/news/articles/2022-02-15/us-accuses-financial-website-of-spreading-russian-propaganda
https://newrepublic.com/amp/article/156788/zero-hedge-russian-trojan-horse

@msf- Hello there. How interesting that you mentioned the Home Savings / WaMu / JPMorgan Chase transition: there is a large building exactly one block from our home which has in fact housed two of our checking and savings accounts through all three of those transitions in succession.
Yes, that building does in fact house a good-sized deposit box room, and for almost fifty years we have enjoyed a free safe deposit box in association with our checking account, in which we typically have around 50k. (I know that's ridiculous, but income piles up there faster than it can be easily redeployed, especially in the last few years where nothing is paying any interest anywhere.)
The point here is that JP Morgan Chase has had the use of a lot of our money for a very long time. And now, not satisfied with that, they have decided to charge for the safe deposit box. Strike one.
Regardless of the fact that our joint ownership checking account and another savings account are in the names of both my wife and myself, JP Morgan Chase has maintained that it is so difficult to allow both of us electronic access that evidently incredible amounts of paperwork would be required to allow such access. Therefore only I am allowed to have access. Strike two.
That bank also has at various times arbitrarily informed me that i needed to have a new password in order to access the account information. OK, that's pretty standard, but: where previously I could access that information from identical computers running identical software at either our SF home or at our Russian River weekend place they no longer allow me access from the Russian River computer unless they send me a new code via telephone- not via email. The catch? The only telephone number that they will send the secret code word to is... yes... the San Francisco phone number. Strike three.
OK, for a workaround Schwab, among many other financial institutions, offers a very convenient "consolidated" financial presentation, where Schwab gathers information from all of our mutual funds and other banks. That worked great, since all that I really need is a general overview of the account amounts. A couple of weeks ago, guess what? No info update from JP Morgan Chase: "they no longer participate in this program". Strike four.
At this point the only thing keeping us there is the anticipated hassle to redirect our SS and pension deposits. I'm sure that's not going to be any fun, especially since we are very leery about close contact inside buildings due to potential Covid exposure.
It's not as if we don't have a lot of other options to Morgan Chase- Schwab's bank is half a block away from JP Morgan, and we also have accounts at First Republic bank, also close and where the BS is minimal and the service is exceptional.

https://www.zerohedge.com/medical/belgium-begins-monkeypox-quarantines-biden-warns-everybody-should-be-concerned
Covid round 10 or 20...lost counts
Could be more lockdowns in the near future?
Maybe more financial loss ?