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.

Download the Morningstar Fact Sheet : http://corporate.morningstar.com/US/documents/MarketingFactSheets/AboutMorningstarFactsheet.pdf

Equity Bottom-Up

Australia & New Zealand Bankin / Equity Bottom-Up

<ul><li>ANZ Bank is the third-largest of Australia's four major banks by market value and the largest bank in New Zealand and the Pacific, offering a full range of banking and financial services to the consumer, small business and corporate sectors.</li><li>More recently it acquired equity interests in banks and financial institutions across Asia.</li><li>ANZ Bank operates in 32 markets globally.</li><li>There are strong barriers to entry to the Australian and New Zealand banking sectors.</li><li>All four major banks, ANZ Bank, Commonwealth Bank (ASX:CBA), National Australia Bank (ASX:NAB) and Westpac (ASX: WBC), have extensive pricing power, efficient scale, low-cost operations, trusted brands, and very profitable operations.</li><li>We think the super-regional strategy can succeed, though returns are long-dated and shareholders need to be patient.</li></ul><p>Analysts: David Ellis &amp; Ravi Reddy</p><p>Full report below the fold....</p>

ANZ Bank is the third-largest of Australia's four major banks by market value and the largest bank in New Zealand and the Pacific, offering a full range of banking and financial services to the consumer, small business and corporate sectors.More recently it acquired equity interests in banks and financial institutions across Asia.ANZ Bank operates in 32 markets globally.There are strong barriers to entry to the Australian and New Zealand banking sectors.All four major banks, ANZ Bank, Commonwealth Bank (ASX:CBA), National Australia Bank (ASX:NAB) and Westpac (ASX: WBC), have extensive pricing power, efficient scale, low-cost operations, trusted brands, and very profitable operations.We think the super-regional strategy can succeed, though returns are long-dated and shareholders need to be patient.Analysts: David Ellis &amp; Ravi ReddyFull report below the fold....

ANZ's Asian growth aspirations make it an interesting alternative to slower-growing domestic banks