Some advisors have expressed concern that the initiative could hinder the firm’s objectivity, but a Morningstar spokesman maintains that the funds will be offered through a separate subsidiary.
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Morningstar plans to launch nine sub-advised mutual funds that will cover a variety of asset class and invest in stocks and bonds that the company’s analysts follow. So reports Financial Planning.
Some advisors have expressed concern that the initiative could hinder the firm’s objectivity, but a Morningstar spokesman maintains that the funds will be offered through a separate subsidiary.