The mutual funds seem to be doing OK. Most have been run by the same portfolio manager since 1990. They are getting net inflows, so someone is buying them, and most are highly rated by M*. But ETFs have tax advantages, so I would expect many mutual funds to disappear.

Value Line Inc (VALU) is up 2% today on no news, after falling 8% yesterday. Down 33% in the last 3 months. (AB&Co. owns approximately 90% of the Company's outstanding common stock.) There are no signs of sales growth. Earnings growth is also not obvious. The 7 VL mutual funds have about $5B AUM with $0.4B net inflows YTD.

Value Line Mid Cap Focused Institutional VLMIX $2.0B AUM
Value Line Asset Allocation Investor VLAAX $0.9B AUM
Value Line Small Cap Opportunities Instl VLEIX $0.8B AUM
Value Line Capital Appreciation Instl VLIIX $0.5B AUM
Value Line Larger Companies Focus Instl VLLIX $0.4B AUM
Value Line Select Growth Institutional VILSX $0.4B AUM
Value Line Core Bond VAGIX $0.04B AUM

5-year CAGR of 12% is close to the market's 15%.
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