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Morningstar, Inc. (Nasdaq: MORN) is a premier American financial services firm based in Chicago, Illinois, founded in 1984 by Joe Mansueto. It is widely recognized for its independent investment research and management services, catering primarily to financial advisers, asset managers, and individual investors.
Core Operations: Morningstar focuses on two primary sectors: data and research. The company offers comprehensive data on a myriad of investment vehicles including mutual funds, stocks, exchange-traded funds (ETFs), closed-end funds, separate accounts, and variable annuities. Additionally, Morningstar tracks real-time market data for equity, derivative, and currency exchanges, providing crucial insights for the financial industry.
Research Insights: The firm's research arm delivers in-depth analyst reports on both passive and active mutual funds, alternative funds, and college saving plans, setting a high standard for accuracy and reliability. With a robust team of analysts, Morningstar ensures that financial professionals and investors have access to detailed, unbiased information.
Recent Achievements: As of September 30, 2023, Morningstar managed approximately $264 billion in assets through its investment advisory subsidiaries. The company has also expanded its influence across 32 countries, emphasizing its commitment to global investment insights.
Current Projects: Morningstar Wealth recently announced the addition of third-party Separately Managed Accounts (SMAs) to its U.S. Wealth Platform. This strategic move, featuring top-tier asset management firms like AllianceBernstein and Putnam Investments, aims to provide advisors with a broader array of investment choices, thereby enhancing the advisor-investor relationship.
Morningstar's dedication to empowering financial advisors and investors is evident from its continuous efforts to innovate and expand its offerings. From real-time global market data to managed portfolios, the company stands out as a leader in the financial services sector.
For more information, visit www.morningstar.com/company or follow Morningstar on X @MorningstarInc.
Morningstar (Nasdaq: MORN) will release its Q2 2024 financial results on July 24, 2024, after market close. The company will not host an analyst conference call. Investors can send written questions to investors@morningstar.com for further inquiries.
Morningstar's board has announced a quarterly dividend of 40.5 cents per share. This dividend matches the amount paid in April. The dividend will be payable on July 31, 2024, to shareholders who are on record as of July 12, 2024. For further inquiries, investors can reach out to investors@morningstar.com.
Morningstar announced significant enhancements to its Sustainalytics ESG Risk Ratings on May 30. Key updates include a revised corporate governance methodology and the addition of three new material ESG risk measures. These changes affect over 16,000 companies globally and represent the most substantial updates since the ratings were introduced in 2018. Morningstar's research shows that 67% of global asset owners find ESG increasingly material to investment policy. The new methodology aims to improve investor confidence, reduce risks, and enhance brand value. Full implementation of these updates is expected by September 2024.
Morningstar (Nasdaq: MORN) has announced that Rod Diefendorf will be appointed as the new President and Chief Operating Officer of PitchBook, following the departure of founder John Gabbert. Diefendorf, who has been with PitchBook since 2016, has nearly 30 years of experience in the technology sector. He has been instrumental in driving PitchBook's strategic roadmap and global operations. CEO Kunal Kapoor expressed confidence in Diefendorf's ability to continue the company's growth and uphold its commitment to providing transparent investment insights. Diefendorf emphasized his dedication to maintaining the company's vision and passion.
Morningstar, Inc. awarded Clare Hart the 'Outstanding Portfolio Manager' title for 2024, recognizing her leadership at JPMorgan Equity Income Fund. The fund achieved a 9.4% annualized gain under Hart's guidance, outperforming its benchmarks. Hart's tenure reflects a strategic focus on reliable dividends and value-leaning sectors, with a reputation for prudent investment decisions.
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