Prudential is well positioned to capture growth in Asia.
Prudential reported a strong first half, with operating profit up 6% to GBP 2 billion. This was driven by strong results in Asia and the United Kingdom, offset by a fall in profits from M&G, the investment management arm. We will maintain our fair value estimate of GBX 1,600 per share and our no-moat rating as Prudential continues to pursue its defensive growth strategy targeting the underinsured middle class in Asia and its asset-gathering strategy in the U.K. and U.S.Asia operating profit...
Prudential is a parent holding company. Co., together with its subsidiaries, is an international financial services group with its principal operations in Asia, the U.S. and the U.K. In Asia, Co. has operations in Hong Kong, Indonesia, Malaysia, Singapore and other markets. In the U.S., Co.'s principal subsidiary is Jackson National Life Insurance Company. In the U.K., Co. operates through its subsidiaries, primarily The Prudential Assurance Company Limited and M&G Investment Management Limited. Co. provides a range of retail financial products and services and asset management services throughout these territories.
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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