MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
|
|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Wednesday, December 1, 1999 Morningstar, Eh? Morningstar continues to expand its international presence, extending its reach a short way across our Northern border with its latest move, the purchase of Toronto, Ontario-based Portfolio Analytics Limited (PAL).
"We respect the PAL leadership in the marketplace and believe that their philosophy in putting the interests of the individual investor first is an excellent match with Morningstar," said Phillips in a statement. PAL has previously only provided products to financial intermediaries. "Canada has gone through tremendous change in the last few years, with the rapid expansion of its stock and mutual fund industries, and we think this is the right time to be there," Phillips added. The company will continue to offer PALTrak software, which delivers asset-allocation, performance, and risk-return analysis on more than 3,000 Canadian mutual funds, as well as consulting services for financial professionals in Canada. In addition, Morningstar Canada will develop a new investment-information Web site for individual investors which will be launched sometime in 2000. The new venture will also include the application of Morningstar's star rating system to Canada's mutual funds. Printed from: MFWire.com/story.asp?s=25155 Copyright 1999, InvestmentWires, Inc. All Rights Reserved |
