Positive Flows and Market Gains Drive Invesco's 4Q AUM Higher; No Change to $42 per Share FVE
There was little in narrow-moat Invesco's fourth-quarter results that would alter our long-term view of the firm. We are leaving our $42 per share fair value estimate in place. Invesco closed out the December quarter with $937.6 billion in total assets under management, up 2.2% sequentially and 15.3% year over year. Excluding the impact of the Source acquisition, which added $26 billion to AUM in the third quarter, the firm's managed assets were up 12.1% year over year. Organic growth remained p...
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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