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Marsh & McLennan's (MMC) Unit Surpasses the $321.4B Mark
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Marsh & McLennan Companies, Inc.'s (MMC - Free Report) business unit Mercer announced that its retirement plan solution has crossed the $321.4 billion mark in assets under management (AUM). This is undoubtedly a milestone for Mercer, which witnessed a rise in demand for investment solutions of late amid economic volatility and low interest rates.
With the outbreak of COVID-19, more and more investors became interested in its investment solutions. Mercer helped them tide over the liquidity crisis and the extreme economic turmoil.
Management believes that institutional investors whose governance handled rebalancing trades, and de-risking and re-risking trades witnessed better performance irrespective of the market situation. Investors who tried tapping prospects, such as high yield and private debt amid market depression were also benefited.
Mercer has been performing really well so far, which is also evident from its achievements. Earlier in March this year, Pensions & Investments ranked Mercer first internationally, outsourced assets under management. This arm of Marsh & McLennan was also rated first for global assets under management as of March 2020, per CIO magazine.
These days, portfolios need wider diversification with more asset classes, investment managers, etc. Investors are looking for better ways to handle their portfolios, especially because of the current market turbulence and fee pressures. All these factors are boosting interest in investment solutions across its client base.
A few months back, Mercer crossed the $1-billion mark in assets under management (AUM). Notably, Mercer Wise 401(k), a bundled solution, is part of Mercer’s expanding Outsourced Chief Investment Officer (OCIO) business.
The company’s peers, namely Arthur J. Gallagher & Co. (AJG - Free Report) , Brown & Brown, Inc. (BRO - Free Report) and Aon plc (AON - Free Report) have also rallied 28%, 21.3% and 5.3%, respectively, in a year’s time.
Zacks Names “Single Best Pick to Double”
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
You know this company from its past glory days, but few would expect that it’s poised for a monster turnaround. Fresh from a successful repositioning and flush with A-list celeb endorsements, it could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in a little more than 9 months and Nvidia which boomed +175.9% in one year.
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Marsh & McLennan's (MMC) Unit Surpasses the $321.4B Mark
Marsh & McLennan Companies, Inc.'s (MMC - Free Report) business unit Mercer announced that its retirement plan solution has crossed the $321.4 billion mark in assets under management (AUM). This is undoubtedly a milestone for Mercer, which witnessed a rise in demand for investment solutions of late amid economic volatility and low interest rates.
With the outbreak of COVID-19, more and more investors became interested in its investment solutions. Mercer helped them tide over the liquidity crisis and the extreme economic turmoil.
Management believes that institutional investors whose governance handled rebalancing trades, and de-risking and re-risking trades witnessed better performance irrespective of the market situation. Investors who tried tapping prospects, such as high yield and private debt amid market depression were also benefited.
Mercer has been performing really well so far, which is also evident from its achievements. Earlier in March this year, Pensions & Investments ranked Mercer first internationally, outsourced assets under management. This arm of Marsh & McLennan was also rated first for global assets under management as of March 2020, per CIO magazine.
These days, portfolios need wider diversification with more asset classes, investment managers, etc. Investors are looking for better ways to handle their portfolios, especially because of the current market turbulence and fee pressures. All these factors are boosting interest in investment solutions across its client base.
A few months back, Mercer crossed the $1-billion mark in assets under management (AUM). Notably, Mercer Wise 401(k), a bundled solution, is part of Mercer’s expanding Outsourced Chief Investment Officer (OCIO) business.
Shares of Marsh & McLennan, which currently carries a Zacks Rank #3 (Hold), have gained 8.8% in a year compared with the industry’s growth of 6.7%. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The company’s peers, namely Arthur J. Gallagher & Co. (AJG - Free Report) , Brown & Brown, Inc. (BRO - Free Report) and Aon plc (AON - Free Report) have also rallied 28%, 21.3% and 5.3%, respectively, in a year’s time.
Zacks Names “Single Best Pick to Double”
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
You know this company from its past glory days, but few would expect that it’s poised for a monster turnaround. Fresh from a successful repositioning and flush with A-list celeb endorsements, it could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in a little more than 9 months and Nvidia which boomed +175.9% in one year.
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