Report
Greggory Warren, CFA
EUR 100.00 For Business Accounts Only

Narrow-Moat Invesco Still Offers the Best Relative Value Among the U.S.-Based Asset Managers

The best time to build positions in the publicly traded asset managers tends to be during market downturns or periods of market dislocation. That said, it pays to be selective when delving into the space, as most of these firms are highly leveraged to the performance of the equity markets. With that in mind, we continue to recommend that long-term investors focus on wide-moat-rated BlackRock, which is not only one of the few U.S.-based asset managers generating organic growth right now (driven b...
Underlying
Cohen & Steers Inc.

Cohen & Steers is a holding company. Through its subsidiaries, the company is an investment manager focusing on liquid real assets, including real estate securities, listed infrastructure, commodities and natural resource equities, as well as preferred securities and other income solutions. The company manages three types of investment vehicles: institutional accounts, which represent portfolios of securities it manages for institutional clients; open-end funds, which provide and issue shares continuously as assets are invested and redeem shares when assets are withdrawn; and closed-end funds, which are registered investment companies that have issued a fixed number of shares through public offerings.

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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