BlackRock's Diverse Portfolio Will Allow the Firm to Thrive in a More Selective Product Environment
While the fourth quarter of 2018 was disruptive for wide-moat-rated BlackRock (and the rest of the U.S.-based asset managers), we're not altering our long-term view but do expect to reduce our fair value estimate to $475 per share. BlackRock closed out the December quarter with $5.976 trillion in managed assets, down 7.3% sequentially and 5.0% year over year, as market losses and adverse currency exchange in the fourth quarter more than offset the positive contribution from $43.6 billion in infl...BlackRock is an investment management firm. The company provides a range of investment and technology services to institutional and retail clients worldwide. Products are provided directly and through intermediaries in a variety of vehicles, including open-end and closed-end mutual funds, iShares? exchange-traded funds, separate accounts, collective investment trusts and other pooled investment vehicles. The company also provides technology services, including the investment and risk management technology platform, Aladdin?, Aladdin Wealth, eFront, Cachematrix and FutureAdvisor, as well as advisory services and solutions to a base of institutional and wealth management clients.
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.
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