BT Investment Management Continues to Deliver Healthy Quarterly FUM Growth; FVE Raised to AUD 10.50
We raise our fair value estimate to AUD 10.50 from AUD 10.00 for narrow moat-rated BT Investment Management following a healthy December funds under management, or FUM, update. At current levels, BT Investment Management, or BTIM, shares remain fairly priced. The business is well-positioned to benefit from the long-term favourable dynamics of mandated retirement savings and an ageing population seeking to fund their retirement. The U.K. acquisition of JO Hambro Capital Management, or JOHCM, has ...
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.
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