- Affiliated Managers Group's 2Q 2021 bottom line came in above market expectations, thanks to AUM growth, performance fees and share repurchases.
- The company's recent proposed investment in Parnassus sends a clear signal that it wants to have more exposure to ESG-dedicated strategies which are seen as a growth area.
- Affiliated Managers Group is currently valued by the market at 9.1 times consensus forward FY 2021 P/E and 8.0 times consensus forward FY 2022 P/E.
For further details see:
Affiliated Managers Group: Positive On Earnings Beat And New Investment