Morningstar Line Awakens

Morningstar Managed ETF Portfolios are actively managed using a “core and explore” investment process. This strategy combines “core” positions that provide exposure to broad asset classes with “explore” positions that seek to add value by taking advantage of opportunities in the markets.

The selection of explore positions are based on a proprietary ETF-evaluation system developed by Morningstar Investment Services that combines macroeconomic and fundamental factors. Other factors considered by Morningstar are the fund’s composition, structure and liquidity.

Morningstar Investment Services is a registered investment advisor and wholly owned subsidiary of Chicago-based Morningstar. At the end of 2007 Morningstar Investment Services had more than $2 billion in assets under management.