Brandes Investment Partners and Co. and Morningstar Associates Inc., both based in Toronto, announced on Thursday that they have formed a partnership that will result in the development of core investment products with competitive fees.

“As we collaborate with [Brandes] on future investment solutions, we will draw on our extensive global resources and local expertise to meet the needs of Canadian investors and their advisors,” says Scott Mackenzie, CEO of Morningstar Canada, in a statement on Thursday.

Brandes, which is more commonly known as Bridgehouse Asset Managers, chose to work with Morningstar Associates, a unit of Morningstar Investment Management Group, because the latter firm is “well respected” and known for its “extensive, proprietary investment research,” says Carol Lynde, president and chief operating officer of Bridgehouse.

“Morningstar is an excellent complement to the existing managers already on the Bridgehouse platform,” says Lynde in a statement.

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