Mercer and Morningstar join forces on data product
Mercer and Morningstar have joined forces to offer a single global digital platform for institutional investment manager data, performance analytics and qualitative research, with information from MercerInsight being shifted to the Morningstar Direct product.
The two firms said that the alliance would enable Mercer’s global institutional manager data and research to be offered alongside Morningstar’s information on open-end mutual funds, exchange traded funds, separately managed accounts and indexes.
“We’ve seen how asset management firms, investment consultants, and wealth managers have struggled to find a comprehensive, forward-looking, qualitative research solution at the strategy and share-class level,” Morningstar chief product officer, Tricia Rothschild, said.
“We selected Mercer for this venture to close that gap by developing a global solution that will help advisors, asset managers, and investment consultants focus decision-making and create new investment options for the end investor, driving stronger outcomes.”
The global president of Mercer’s wealth business, Rich Nuzum, said that the partnership would help improve transparency and insight in the industry.
The new offering would be rolled out by region, with the United States being first cab off the rank, with the product launching there early next year.
AUTHOR
Hannah Wootton
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