Macquarie Group Ltd
MQG: XASX (AUS)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|Xl | LOCK|XvJM | LOCK|$%@gkRj |
Macquarie: Pivoting Away from Public Markets at a Decent Price
Macquarie has agreed to sell its North American and European public asset management business to Nomura for AUD 2.8 billion. Around AUD 285 billion in assets under management spanning equities, fixed income, and multi-asset portfolios will move across in the sale.
