Morningstar launches investment outsourcing unit for advisers

Offers fund selection and asset allocation

Morningstar has launched a business unit offering advisers and financial institutions seeking to outsource fund selection or asset allocation access to a series of select lists and model portfolios.

The Manager Selection Services (MSS) unit, part of the Morningstar Investment Management group, offers three services. Select Lists The provision and maintenance of "best in class" lists of Morningstar rated funds across all main asset classes. The funds are collated by the MSS team to give broad-based exposure to Morningstar rated funds. In addition, clients can have access to Morningstar's quantitative analysis of non-Morningstar rated funds to satisfy their specific fund requirements.  Migration Services  Conducting holistic analysis of existing fund lists and providing reco...