This fast-growing global equity and infrastructure investment manager has a strong growth profile.
Our positive long-term view on narrow moat-rated Magellan Financial Group continues to play out with funds under management, or FUM, of AUD 42.2 billion at 31 October 2016 up 4% from 30 June 2016. We reaffirm our current forecasts, our DCF-based fair value estimate of AUD 23.00 per share, our narrow moat and high uncertainty ratings. At current prices, the shares are fairly valued. A key attraction of Magellan’s business model is the firm’s track record in attracting higher margin sticky retail ...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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