Report
Greggory Warren, CFA
EUR 101.80 For Business Accounts Only

Ongoing investments, organic growth and market gains continue to drive AMG's managed assets higher.

We're pleased to see the number of U.S.-based asset managers we cover that provide preliminary monthly data on assets under management increase from five firms--Invesco, Franklin Resources, Legg Mason, AllianceBernstein, and Cohen & Steers (with Eaton Vance offering preliminary AUM data each calendar quarter)--to seven, with T. Rowe Price and Waddell & Reed joining the fold since the start of the third quarter.
How long this will last is anybody's guess, but we believe that in both cases...
Underlying
Affiliated Managers Group Inc.

Affiliated Managers Group is a global asset management company with equity investments in boutique investment management firms (Affiliates). The company provides centralized capabilities to its Affiliates, including strategy, marketing and distribution, and product development. Through its Affiliates, the company provides strategies designed to assist institutional, retail and clients worldwide in achieving their investment objectives. The company provides boutique investment management services to retail investors through advisory and sub-advisory services to return-oriented mutual funds, Undertakings for the Collective Investment of Transferable Securities, collective investment trusts and other retail products.

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
Greggory Warren, CFA

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