Morningstar | Strong investment performance from funds is required to deliver net fund inflows.
Perpetual is primarily an active value funds manager of Australian equities. It also provides financial advice to high-net-worth clients and is the major provider of trustee services to the securitisation market, as well as outsourced responsible entity services to funds. While it benefits from Australia’s ageing demographics and the compulsory superannuation contribution levy, its core Australian equity funds are suffering from net organic outflows, owing to structural issues of industry superfunds managing more Australian equities in-house and investors increasing allocation to cheaper passive investments and global assets. Moreover, it is not well positioned to take advantage of global equities FUM growth. Nevertheless, its FUMA scale continues to provide it with recurring revenue streams, and it should benefit from continued growth in its private and trust segments and rising markets.Perpetual is engaged in funds management, portfolio management, financial planning, trustee, responsible entity and compliance services, executor services, investment administration and custody services. Co. operates in three segments: perpetual investments, which is a manufacturer of financial products, management and investment of monies on behalf of private, corporate, superannuation and institutional clients; perpetual private, which provides a range of investment and non-investment products and services; and perpetual corporate trust, which provides fiduciary services incorporating safe-keeping and recording of assets and transactions as custodian.
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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