Leading Independent Investment Research, Morningstar, Inc.

Morningstar

Leading Independent Investment Research

Morningstar, Inc.

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. We 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 more than 500,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 16 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, with more than $180 billion in assets under advisement or management as of June 30, 2015. We have operations in 27 countries.

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Thematic (Sector/Industry)

Given the bland growth prospects that currently characterize the consumer products space, investors looking for better growth prospects—without sacrificing solid fundamentals—should give ingredient suppliers a look. As intermediaries in the supply chain, ingredients are central to consumer products' success, providing taste, texture, and scent.With healthy sector dynamics and strong company fundamentals, this is an interesting space with competitively advantaged names for long-term investors. We highlight <a href="https://www.smartkarma.com/entities/21724" target="_blank" data-smartkarma-citation="entities:21724:1">Symrise AG (SY1 GR)</a> as our current top investment opportunity in an ingredients space. Other companies covered in the report include: <a href="https://www.smartkarma.com/entities/22291" target="_blank" data-smartkarma-citation="entities:22291:1">Barry Callebaut AG (BARN SW)</a>, Christian Hansen, <a href="https://www.smartkarma.com/entities/22578" target="_blank" data-smartkarma-citation="entities:22578:1">Givaudan SA (GIVN VX)</a>,   <a href="https://www.smartkarma.com/entities/4284" target="_blank" data-smartkarma-citation="entities:4284:1">Ingredion Inc (INGR US)</a>, <a href="https://www.smartkarma.com/entities/12337" target="_blank" data-smartkarma-citation="entities:12337:1">Intl Flavors &amp; Fragrances (IFF US)</a>, <a href="https://www.smartkarma.com/entities/22026" target="_blank" data-smartkarma-citation="entities:22026:1">Kerry Group PLC (KYG ID)</a> and <a href="https://www.smartkarma.com/entities/22176" target="_blank" data-smartkarma-citation="entities:22176:1">Tate &amp; Lyle PLC (TATE LN)</a>.  Analyst: Adam Kindreich, CFA

Given the bland growth prospects that currently characterize the consumer products space, investors looking for better growth prospects—without sacrificing solid fundamentals—should give ingredient suppliers a look. As intermediaries in the supply chain, ingredients are central to consumer products' success, providing taste, texture, and scent.With healthy sector dynamics and strong company fundamentals, this is an interesting space with competitively advantaged names for long-term investors. We highlight Symrise AG (SY1 GR) as our current top investment opportunity in an ingredients space. Other companies covered in the report include: Barry Callebaut AG (BARN SW), Christian Hansen, Givaudan SA (GIVN VX),   Ingredion Inc (INGR US), Intl Flavors &amp; Fragrances (IFF US), Kerry Group PLC (KYG ID) and Tate &amp; Lyle PLC (TATE LN).  Analyst: Adam Kindreich, CFA 

Ingredients: Benefiting From Powerful Moat Sources Despite Absence of Branding or Pricing Power

Co-founder & Managing Director, Marketnomix 

Rajan Govil

Co-founder & Managing Director

Marketnomix 

Macroeconomics

The Seasonally adjusted unemployment rate in the Eurozone continued its downward trend, coming in at 10.2% in March 2016 compared to 10.4% in February and 11.2% in March 2015. The unemployment rate was at its lowest level since August 2011, and the gradual improvement in the labor market is expected to continue.The decline in the unemployment was largely across the board amongst the Eurozone members. It decreased to 10% in France in March 2016 compared to 10.2% in February while it fell to 4.2%…

The Seasonally adjusted unemployment rate in the Eurozone continued its downward trend, coming in at 10.2% in March 2016 compared to 10.4% in February and 11.2% in March 2015. The unemployment rate was at its lowest level since August 2011, and the gradual improvement in the labor market is expected to continue.The decline in the unemployment was largely across the board amongst the Eurozone members. It decreased to 10% in France in March 2016 compared to 10.2% in February while it fell to 4.2%…

Eurozone: Seasonally Adjusted Unemployment Rate Continues to Trend Downwards

Germany

Beiersdorf AG develops, manufactures, and markets personal care, disposable medical, and adhesive products. The Company produces skin and hair care products, bandages, surgical gloves, compression stockings, sun block lotion, fastening systems, masking products, and packaging systems.

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Beiersdorf (BEI GR)

Ingredients: Benefiting From Powerful Moat Sources Despite Absence of Branding or Pricing Power

Given the bland growth prospects that currently characterize the consumer products space, investors looking for better growth prospects—without...

Morningstar, Inc.

Eurozone: Seasonally Adjusted Unemployment Rate Continues to Trend Downwards

The Seasonally adjusted unemployment rate in the Eurozone continued its downward trend, coming in at 10.2% in March 2016 compared to 10.4% in...

Rajan Govil

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