Invesco's Acquisition of Guggenheim’s ETF Business a Positive Move for the Firm
When rumors broke in early August that narrow-moat-rated Invesco was in talks with Guggenheim Investments to either buy that firm's ETF operations (which had $36.7 billion in assets under management at the end of July), its fund operations (with an estimated $30 billion in AUM), or both, we were more positive about a move toward Guggenheim's ETF business. Given the redundancy in much of the fund operations, which would have led to greater outflows as they were consolidated, the ETF business look...
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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