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REFILE-BUZZ-Asset managers: JP Morgan upgrades DWS to "overweight"

Wed, 09th Oct 2019 07:02

(Removes extraneous word from headline)

** JP Morgan ups DWS to "overweight" from
"neutral" saying it expects the greater exposure to passive and
alternative products to support net flows vs the sector

** It says maintains its preference for private market
managers: Intermediate Capital Group and Partners Group
, both rated "overweight"

** JP Morgan says that into Q3 results expects Amundi
("overweight") to see greater flow resilience given
geographical and asset class exposure

** It keeps "overweight" on Standard Life Aberdeen
citing attractive valuation and capital return potential --
however, says sees net flows to remain subdued for the remainder
of 2019

** Remains "underweight" on Hargreaves Landsdown as
it says sees the weak UK market backdrop and investor sentiment
as unlikely to drive near-term earnings upgrades

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