Perpetual’s diversification strategy has been more successful in its private and trust segments.
Narrow-moat Perpetual's fourth-quarter fiscal 2018 funds under management, or FUM, flows provide further evidence of our view that its core investment division is suffering from the structural issues of industry super funds moving more asset-management in-house and a trend to more passive investment styles. The results were moderately worse than expected, leading to a reduction in our fair value to AUD 43.90 per share, from the previous AUD 45.50. It also leads to a slight reduction in our fisca...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.
We have operations in 27 countries.
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