“Asset managers stocks have been hit hard this year… with some down 35% to 45%, almost double the decline in the S&P 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.” That's smart. However, just like with homebuilder stocks, they look appealing in this complicated market. Many asset managers shares are trading for 10x projected 2022 earnings – or less – and yield 3%-5%.