Organic funds growth, tight cost control and accretive acquisitions are key to good earnings growth.
IOOF Holdings reported positive net flows and market revaluations for the second quarter fiscal 2018, boosting total funds under management, administration and advice, or FUMA, 4.2% to AUD 120 billion as at Dec. 31, 2017. Total FUMA are well on track to achieve our fiscal 2018 year-end forecasts of 123 billion. Total platform funds under administration grew 3.3% to AUD 38.6 billion for the quarter. IOOF continues to benefit from a narrow economic moat, sourced from intangible assets and customer...
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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