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

<ul><li>Westpac Banking Corporation&rsquo;s annual strategy was void of any large surprise, with the wide-moat major bank relying on increased investment in technology to support improved productivity and medium-term earnings growth.</li><li>Rapid changes in the cost, flexibility and computing power of technology enable Westpac to link product distribution channels, customers and systems without replacing core IT infrastructure.</li><li>New technology enables greater focus on product innovation, improved customer service and increased product cross-sell.</li><li>The reward is stronger customer growth, deeper customer relationships and improved operational efficiency. This builds on banks' long history of exploiting technology to improve productivity and lower costs.</li></ul>

Westpac Banking Corporation&rsquo;s annual strategy was void of any large surprise, with the wide-moat major bank relying on increased investment in technology to support improved productivity and medium-term earnings growth.Rapid changes in the cost, flexibility and computing power of technology enable Westpac to link product distribution channels, customers and systems without replacing core IT infrastructure.New technology enables greater focus on product innovation, improved customer service and increased product cross-sell.The reward is stronger customer growth, deeper customer relationships and improved operational efficiency. This builds on banks' long history of exploiting technology to improve productivity and lower costs.

Westpac Increases Technology Spend to Boost Productivity and Support Shareholder Returns