Janus' Merger with Henderson Group Raises More Questions Than Answers; Expect to Increase FVE
While we are likely to raise our fair value estimate, we expect to retain our narrow moat rating for Janus Capital Group following the firm's announcement that the U.S.-based asset manager would be merging its operations with the Henderson Group, a U.K.-based global fund manager. Both firms are facing challenges in their core markets that are unlikely to be abated by the combination, with Janus now dealing with the headwinds posed by the adoption of the Department of Labor's fiduciary rule earli...
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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.