5 reasons why BT Investment Management (BTT) remains a top pick for us

Bell Potter

1. It’s at record FUM of $84 billion, so it starts FY17 in a strong position; 2. The company is experiencing positive net-flows, with over $4 billion in FY16 and with the December quarter already locking in positive $2 billion; 3. There is margin expansion occurring across the group, accelerating the earnings growth; 4.The company is still launching new funds, with capacity enough to double the total FUM across the group over the coming years; and 5. And lastly it’s cheap. It’s on 15x FY17 PE, with double digit EPS growth expected to continue over the foreseeable future. Our last research report is attached.


Comments

Please sign in to comment on this wire.