晨星投资洞察分享会 聚焦全球投资趋势与多元资产配置，通过"数据+工具+研究"三维赋能，分 享市场洞察、研究成果和解决方案，助力金融机构搭建科学投研体系，提升服务效能。 2025上半年，全球公募基金市场风云激荡。 晨星Direct数据显示，全球公募基金总规模迈向 57.6万亿 美元大关，管理规模排名前十巨头占据 60%市场份额，中国力量将如何破局？ 被动投资占比持续攀升，但在新发行的ETF中，主动型数量却反超被动型，新战场究竟在何方？ 从资金流向来看，在股票型基金中，欧洲大盘股票、印度股票和中国股票的资金流入位居前列； 新兴数字资产ETF吸引 183亿 美元。在中国内地，股票型基金、沪港深积极配置基金发行火 热...... 本期分享会将面向机构投资者，深度解读全球资管行业趋势，揭示海外资金配置中国的动态！ 2025年8月14日（周四）15:00PM - 16:00PM 线上·腾讯会议 本期主题 结合晨星全球海量投资数据,深度剖析 2025 上半年全球公募基金 动态及海外基金对中国市场的布局策略，赋能投资研究决策。 为什么参加? 核心亮点 分享嘉宾 武荣 Rong Wu · 独家数据:掌握全球公募基金发行策略与资 ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED June 30, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 000-51280 (State or Other Jurisdiction of (I.R.S. Employer Incorporation or Organization) Identification Number) 22 West Washin ...

News Release 22 West Washington Street Telephone: +1 312 696-6000 Chicago Facsimile: +1 312 696-6009 Illinois 60602 FOR IMMEDIATE RELEASE Morningstar, Inc. Reports Second-Quarter 2025 Financial Results CHICAGO, July 30, 2025 - Morningstar, Inc. (Nasdaq: MORN), a leading provider of independent investment insights, posted second-quarter revenue growth with increases in operating and adjusted operating income and margins. "PitchBook, Morningstar Direct Platform, and Morningstar Credit led the way in the secon ...

Second-Quarter 2025 Supplemental Presentation July 30, 2025 This presentation contains forward-looking statements within the meaning of Private Securities Litigation Reform Act of 1995. These statements are based on our current expectations about future events or future financial performance. Forward-looking statements by their nature address matters that are, to different degrees, uncertain, and often contain words such as "may," "could," "expect," "intend," "plan," "seek," "anticipate," "believe," "estima ...

Core Insights - The article emphasizes the importance of global investment trends and diversified asset allocation, highlighting the role of data, tools, and research in enhancing financial institutions' investment research systems and service efficiency [1] Group 1: Market Trends - Since 2025, the sales ratio limit for cross-border investments has been relaxed to 80%, leading to a rapid growth in the scale of northbound mutual funds due to the increasing demand for cross-border asset allocation from mainland investors [2] Group 2: Challenges in Cross-Border Funds - Cross-border funds face three major business challenges: - Diverse investment strategies and styles make it difficult to unify evaluation standards [3] - Fund information disclosure is fragmented, resulting in high data integration costs [3] - A lack of analytical tools leads to low research efficiency for cross-border funds [3] Group 3: Focus of the Sharing Session - The current sharing session will focus on northbound mutual funds, aiming to help fund sales institutions better understand cross-border fund products and enhance their research selection and service capabilities [4] Group 4: About Morningstar - Morningstar, Inc. is one of the leading investment research firms globally, providing financial information, fund, and stock analysis to various professionals, including individual investors and institutional investors [5] - As of December 31, 2024, Morningstar managed and provided investment advice on assets totaling approximately $338 billion across 33 global markets [5]

Company Overview - WuXi Biologics is a leading global Contract Research, Development, and Manufacturing Organization (CRDMO) that provides end-to-end solutions for biologics from concept to commercialization [6][8] - The company employs over 12,000 skilled employees across multiple countries including China, the United States, Ireland, Germany, and Singapore [7] ESG Rating and Recognition - WuXi Biologics has achieved the highest negligible-risk tier in the Morningstar Sustainalytics ESG rating, placing it in the top 1% globally [3][9] - The company has been recognized as an Industry and Regional ESG Top-Rated Company for five consecutive years [3][9] - WuXi Biologics has received multiple accolades for its sustainability efforts, including a MSCI AAA rating, EcoVadis Platinum Medal, and inclusion in the Dow Jones Sustainability Indices [4] Commitment to Sustainability - The company emphasizes sustainability as a cornerstone of long-term business growth and is focused on driving green technology innovations [8] - WuXi Biologics collaborates with stakeholders to promote responsible practices and create positive social and environmental impacts throughout the value chain [10]

Core Insights - The article emphasizes the importance of global investment trends and diversified asset allocation, highlighting the role of data, tools, and research in enhancing financial institutions' investment research systems and service efficiency [1]. Group 1: Market Trends - Since 2025, the sales ratio limit for cross-border investments has been relaxed to 80%, leading to a rapid growth in the scale of northbound mutual funds due to the increasing demand for cross-border asset allocation from mainland investors [2]. Group 2: Challenges in Cross-Border Funds - Cross-border funds face three major business challenges: - Diverse investment strategies and styles make it difficult to establish unified evaluation standards [3]. - Fund information disclosure is fragmented, resulting in high data integration costs [3]. - There is a lack of analytical tools, which lowers the research efficiency of cross-border funds [3]. Group 3: Focus of the Sharing Session - The current sharing session will focus on northbound mutual funds, aiming to help fund sales institutions better understand cross-border fund products and enhance their research selection and service capabilities [4]. Group 4: About Morningstar - Morningstar, Inc. is one of the leading investment research firms globally, providing financial information, fund, and stock analysis to various professionals, including individual investors and institutional investors [5]. - As of December 31, 2024, Morningstar managed and provided investment advice on assets totaling approximately $338 billion across 33 global markets [5].

Core Insights - The article emphasizes the importance of personalized investment advisory services to meet the diverse needs of clients, particularly in the context of market volatility [1] - It highlights the challenges faced in account management, including difficulties in account integration and reliance on manual data entry [2] - The need for more sophisticated risk diagnosis methods is discussed, as current approaches are often limited to simple assessments and single asset analysis [3] - The transition from diagnostic results to actionable asset allocation strategies is noted as unclear, making it difficult to implement effective solutions at the account level [4] Group 1 - The Morningstar seminar aims to address the challenges in investment advisory by providing a comprehensive view of portfolio diagnostics and optimization [5] - Future themes of the seminar include refined risk identification and matching, personalized asset allocation strategies, and practical implementation of customized portfolios [5] Group 2 - Morningstar, Inc. is recognized as a leading global investment research firm, providing analysis and ratings for various investment products and services [7] - As of December 31, 2024, Morningstar manages and advises on assets totaling approximately $338 billion across 33 global markets [7]

Group 1 - The core viewpoint emphasizes the responsibility of investment advisory firms to help investors make more rational investment decisions, thereby enhancing actual returns [1][6][7] - The discussion highlights the importance of reducing the discrepancy between product returns and investor account returns, with a focus on fee reforms and management practices [6][7] - The need for continuous efforts in investor education to address irrational behaviors is acknowledged, as it is a common phenomenon globally [7] Group 2 - The future of China's public fund industry is seen as having significant growth potential compared to overseas markets, with a focus on building a platform-based research and investment system [9][10] - Large domestic fund companies are expected to shift from asset management to wealth management, while smaller firms should adopt differentiated investment strategies to seek growth [9][10] - The industry is likely to experience a "Matthew Effect," where larger firms gain more advantages, leading to a focus on unique active management capabilities and international investment opportunities [10]

Core Insights - The article emphasizes the importance of personalized investment advisory services to meet the diverse needs of clients, particularly in the context of market volatility [1] - It highlights the challenges faced in account management, including difficulties in account integration and reliance on manual data entry [2] - The need for more sophisticated risk diagnosis methods is discussed, as current approaches are often limited to simple assessments and single asset analysis [3] - There is a lack of clear pathways from diagnostic results to actionable asset allocation strategies, making it hard to implement findings at the account level [4] Group 1 - The Morningstar seminar aims to address the challenges in investment advisory by providing a comprehensive view of portfolio diagnostics and optimization [5] - Future themes of the seminar include refined risk identification and matching, personalized asset allocation strategies, and practical implementation of customized portfolios [5] Group 2 - Morningstar, Inc. is recognized as a leading global investment research firm, providing data and analysis for various investment products and managing approximately $338 billion in assets as of December 31, 2024 [7]