Morningstar launches tool to outsource fund selection

Morningstar has launched a new business unit offering financial institutions and advisers the opportunity to outsource their fund selection or asset allocation services through a series of model portfolios.

The new Manager Selection Services (MSS) unit offers instiutions or advisers the opportunity to outsource either through a selection of best-in-class lists, a full migration of services including the analysis of existing lists or a model portfolio service, offering access to global multi-asset portfolios based on Morningstar’s selection criteria.

The latter opportunity is aimed at institutions which do not want to fully outsource their asset management services, allowing them to retain a level of investment discretion.

Gavin Corr, director for Morningstar’s MSS unit comments on the launch: “In a post MiFID II world, financial institutions and advisers are increasingly looking to outsource fund selection and model portfolio management to third parties due to the increasing regulatory scrutiny, growing costs of having in-house investment capability and the relentless pressure on margins due to fee compression.”

Morningstar currently has 116 manager research analysts and 107 investment management professionals worldwide.

Mona Dohle
Mona Dohle speaks German and Dutch, she is DACH & Benelux Correspondent for InvestmentEurope. Prior to that, she worked as a journalist in Egypt and Palestine. She started her career as a journalist working for a local German newspaper. Mona graduated with an MSc in Development Studies from SOAS and has completed the CISI Certificate in International Wealth and Investment Management.

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