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

We do not expect the situation in the United Kingdom to affect Hong Kong Exchange and Clearing's London Metal Exchange, and we believe the underlying equity volume in Hong Kong remains an important driver for the former's near term performance. Revenue from the LME, including the clearing business, represented 18% of group revenue in fiscal 2015, but the functional and reporting currency is the U.S. dollar.We decrease our average daily trading volume assumption by 5% to HKD 91 billion to factor in the weaker-than expected trading volume in the first half. Trading volume may increase in the second half from the possible launch of the Shenzhen Hong Kong Stock Connect, though the timing of the launch is difficult to anticipate.Analyst: Michael Wu, CAIA

We do not expect the situation in the United Kingdom to affect Hong Kong Exchange and Clearing's London Metal Exchange, and we believe the underlying equity volume in Hong Kong remains an important driver for the former's near term performance. Revenue from the LME, including the clearing business, represented 18% of group revenue in fiscal 2015, but the functional and reporting currency is the U.S. dollar.We decrease our average daily trading volume assumption by 5% to HKD 91 billion to factor in the weaker-than expected trading volume in the first half. Trading volume may increase in the second half from the possible launch of the Shenzhen Hong Kong Stock Connect, though the timing of the launch is difficult to anticipate.Analyst: Michael Wu, CAIA

HKEx's Equity Trading Volume Subdued in the First Half of Fiscal 2016

HKEX

HKEx's Equity Trading Volume Subdued in the First Half of Fiscal 2016