Testing Times Ahead as Recent Underperformance Threatens Flows (Correction)
We are republishing as financial forecasts were incorrect on notes published on Feb. 22 and Feb. 7. Narrow-moat Platinum Asset Management’s first-half fiscal 2019 results were, while underwhelming, in line with recent guidance. Underlying NPAT was down 38% on the previous corresponding period, or pcp, to AUD 65.2 million as closing funds under management, or FUM, fell to AUD 24.1 billion in December from AUD 25.7 billion in June. Positive net inflows of around AUD 700 million weren’t enough to p...Platinum Asset Management is a non-operating holding company of Platinum Investment Management Limited. Co.'s subsidiary, Platinum Investment Management Limited, trades as Platinum Asset Management, operates a funds management business. Co. has two main operating segments: funds management, and investments and other.
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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