Morningstar Canada has amended the category rules and definitions outlined in its May 26, 2006 proposal after receiving feedback from various participants in the fund industry, the company says in a statement released Thursday.
“We have outlined and provided a discussion of the changes we made to the proposed categories. In addition, we have produced a list of category membership for all funds in the Morningstar Canada database,” the company says. “Each fund company will have until Sept. 30, 2006 to provide feedback on the classification of their funds. We encourage all interested parties to carefully read through the literature and documentation available [on the Morningstar Web site].
“Any feedback we receive will be incorporated before we launch the final categories in our October data release. Feedback received after the September 30th deadline will be considered in the following month.
“Stay tuned for more information on our upcoming breakfast information session that we will be holding in October at a downtown Toronto hotel. After a brief presentation on the Morningstar Category philosophy and methodology, all attendees will have a chance to participate in a question and answer period. Details of the upcoming event will be communicated in the coming weeks.”
Morningstar Canada announces mutual fund categories
Companies have until Sept. 30 to provide feedback on classification of their funds
- By: IE Staff
- September 21, 2006 September 21, 2006
- 17:10