Report
Michael Makdad
EUR 100.00 For Business Accounts Only

SMTH's asset-management and pension businesses are somewhat moaty, but group is subscale in banking.

Sumitomo Mitsui Trust Holdings, or SMTH, has a unique business portfolio within Japan’s financial industry; while there are officially still 15 entities classified as "trust banks" by Japanese regulators, the others are all relatively minor units of larger financial groups following deregulation in the late 1990s and a wave of subsequent mergers. SMTH is the only listed group for which the trust bank subsidiary remains the core business. It differs from overseas custodian banks such as State Str...
Underlying
Sumitomo Mitsui Trust Holdings Inc.

Sumitomo Mitsui Trust Holdings is a holding company engaged in the management of Sumitomo Mitsui Trust Group Companies. Co.'s main business activities are banking, asset management and administration, and real estate. Co.'s banking business offers retail banking services throughout Japan; wholesale banking services to corporate clients; and marketable financial products for investment and risk management needs Co.'s asset management and administration business provides various products including pension plan for institutional investors and investment trusts primarily for individual clients. Co.'s real estate business offers a full line of real estate related transaction services.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Michael Makdad

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