Reynolds open-end and exchange-traded products are costlier than similarly distributed funds at other highly-rated asset managers, on average in the highest quintile of category peers. The higher expense profile contributes negatively to the firm's overall stewardship rating and creates a larger performance hurdle. The longest-tenured strategy managers at Reynolds are worth mentioning. With 36 years of average tenure, this group has a wealth of experience to draw upon should markets head south. Turnover among Reynolds portfolio management ranks has been low compared to other firms in the past five years. This stability on the personnel front boosts confidence in its staying power.
A Merger of Equals? Two Mediocre Fund Companies Combine
Two families with Average Parent Ratings, Franklin Templeton and Putnam Investments, to merge.