assetmanagement stocks have been hit hard this year in the market selloff with some down 35 to 45 almost double the decline in the sp 500 index no industry is more directly tied to stock and bond markets and a bear market depresses assets under management revenue and earnings profit estimates for 2022 lately have been declining and earnings are on track to fall below last year’s results yet even against this deteriorating backdrop the stocks look appealing many asset managers’ shares are trading for 10 times