Report
Henry Heathfield, CFA
EUR 101.80 For Business Accounts Only

Aviva's More Specialized Asset Management Continues to Grow in 1H

Aviva reported first-half net profit of GBX 716 million, slightly below our expectations. The results demonstrate that Aviva is continuing to make progress in its asset management division as well as proving that historical problems are behind it, despite some headwinds in Canada for the first half. We maintain our GBX 575 fair value estimate and no-moat rating.

The asset management division continues to gain traction as the unit focuses on outcome-oriented funds and building external fund flow...
Underlying
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
Henry Heathfield, CFA

Other Reports on these Companies
Other Reports from Morningstar

ResearchPool Subscriptions

Get the most out of your insights

Get in touch