Morningstar | Strong Performance and Flows Continue to Drive Magellan
Magellan Financial Group is a successful Australia-based active international equity and infrastructure fund manager. Earnings growth is underpinned by strong growth in funds under management, complemented by increasing performance fees. A track record of long-term investment outperformance supports our expectations for further growth in FUM. Major earnings risks come from the need to maintain good investment returns and the relatively more volatile nature of large institutional mandates. Attractive long-term industry dynamics are supported by expectations of increasing numbers of Australian investors seeking international equity exposure to diversify typically Australia-centric portfolios. Magellan focuses on risk-adjusted returns over the medium to long term, rather than benchmark-relative returns, while seeking to reduce the risk of permanent capital loss.Magellan Financial Group is engaged in funds management, providing international investment funds to high net worth and retail investors in Australia and New Zealand, and institutional investors globally. Co.'s main operating company is Magellan Asset Management Limited (MAM). Co.'s key operating segments are: Funds Management, in which MAM undertakes the funds management activities and MFG Services LLC acts as a service company providing MAM with services of investment analysts and distribution personnel; and Principal Investments, which include investments in the ASX Quoted Funds, the Unlisted Magellan Funds, and a select portfolio comprising Australian and international listed companies.
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.
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