Buoyant Markets and Good Inflows Boost IOOF’s Funds Under Admin & Advice. AUD 11.00 FVE Unchanged
IOOF Holdings reported positive net flows and market revaluations for the second quarter fiscal 2018, boosting total funds under management, administration and advice, or FUMA, 4.2% to AUD 120 billion as at Dec. 31, 2017. Total FUMA are well on track to achieve our fiscal 2018 year-end forecasts of 123 billion. Total platform funds under administration grew 3.3% to AUD 38.6 billion for the quarter. IOOF continues to benefit from a narrow economic moat, sourced from intangible assets and customer...IOOF Holdings is engaged in the financial services industry. Co. provides a range of wealth management solutions for Australians, including: financial advice and distribution services via its network of financial advisers and stockbrokers; platform management and administration such as superannuation and investment administration platforms for advisers, their clients and employers in Australia; investment management products that are designed for investors; and trustee services, including estate planning and administration, personal trustee services, self-managed super fund solutions and corporate trust.
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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