Strong investment performance from funds is required to deliver net fund inflows.
Perpetual Limited closed out the September quarter with AUD 31 billion in total funds under management, or FUM, a disappointing AUD 0.4 billion decrease on the previous quarter. Despite first-quarter fiscal 2018 average FUM of AUD 31.2 billion being 6% below our fiscal 2018 forecast average of AUD 33.1 billion, we maintain our fiscal 2018 net profit after tax forecast. We expect our positive long-term view on Perpetual will play out and our DCF-based fair value estimate of AUD 52 per share, our ...
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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.