IOOF's 1Q18 Funds Update Below Our FY18 Forecast Run Rates, But AUD 11.00 FVE Unchanged
IOOF Holdings reported net inflows of AUD 669 million in total funds under management, administration and advice, or FUMA, for first-quarter fiscal 2018, reaching a total of AUD 115.2 billion. While still representing solid growth, inflows were a little below our expectations and recent trends. Total Platform funds under administration were broadly stable at AUD 37.3 billion. Pension payments reduced Platform net flows to AUD 114 million in the September quarter down from AUD 295 million in the ...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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