(February 16 – 09:20 ET) – Morningstar Canada has launched its new web site. The new site offers free performance data on over 3,000 funds, including Morningstar Five Star Ratings for Canadian funds. These ratings reflect risk-adjusted performance relative to a peer group.
“Morningstar’s fund ratings are completely objective and unbiased,” says Scott Mackenzie, vice president of Morningstar Canada. “They are the end product of an analysis that recognizes funds that produce strong risk-adjusted performance relative to their peers. Funds are rated on their three, five, and ten year performance records.”
Mackenzie added that it will also be launching several new products for retail customers and financial advisors.
Morningstar Canada was recently created by the acquisition of Canada’s two leading fund data providers Portfolio Analytics Ltd. in November 1999 and BellCharts Inc. earlier this year.
-IE Staff