Affiliated Managers Group Inc

AMG: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$532.00	Xplbly	Ksqrywchs

Market Selloff Affects Both Flows and AUM at AMG in Q2; Expect to Lower FVE to $150 per Share

Greggory Warren

Aug 1, 2022

While there was little in narrow-moat Affiliated Managers Group's second-quarter results that would alter our long-term view of the firm, we expect to lower our fair value estimate slightly to $150 per share from $155 as we incorporate lower levels of assets under management, or AUM, in the near term given market returns during the first half of 2022 and our expectations for the remainder of the year.

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