Here's What Three Big Asset Managers Are Saying About The 'Great Rotation' (TROW, WDR, AMG)

Three big asset managers reported earnings yesterday: T. Rowe Price, Waddell & Reed, and Affiliated Managers Group. These are the companies that run the big equity funds we hear about in the context of the "Great Rotation" story. The idea is that investors, who have poured hundreds of billions of dollars into bond funds in recent years, will start pulling money out of those funds and "rotating" it into equity funds run by these big asset managers. Given the big inflows we've seen into equity fun...