Morningstar announced new offerings on Thursday to its Morningstar Managed Portfolios platform, a fee-based investment management program offered through financial advisors. The strategies, which include active/passive, momentum ETFs, and global tactical ETF portfolios, utilize resources developed by Morningstar-owned Ibbotson Associates.
“We’re thrilled to make the Ibbotson portfolios available to the more than 30,000 independent financial advisors who have access to the Morningstar Managed Portfolios platform,” Jeffrey Ptak, president and chief investment officer of MIS, said in a statement. “Advisors have increasingly sought low-cost, active investing solutions that employ exchange-traded funds. We think they’ll find plenty to like in the Ibbotson portfolios, which further broaden our lineup while putting Ibbotson’s institutional capabilities within their clients’ reach.”
According to the company, the five Ibbotson Active/Passive Portfolios use ETFs or indexed mutual funds in areas that are less ripe for active managers, and actively managed funds in realms where a portfolio manager is more likely to add value after taking risk into account.