HONG KONG, June 6, 2014—The Hong Kong Securities and Futures Commission (SFC) has granted Morningstar Investment Management Asia Limited licenses to provide investment advisory and discretionary investment management services to Hong Kong-based financial institutions.
Morningstar Investment Management Asia is part of the Morningstar Investment Management group, which offers investment advisory services around the world. As an entity licensed with the SFC, Morningstar Investment Management Asia has established an investment advisory practice in Hong Kong to provide research-driven, innovative investment services to the local market.
"Morningstar Investment Management Asia can now deliver proprietary asset allocation, manager selection, and portfolio construction services to local financial institutions," Jin Tao, director of Morningstar Investment Management Asia, said. "These licenses enable us to build a team on the ground in Hong Kong that will leverage Morningstar's global capabilities to deliver custom solutions to our local clients. We want to help investors and meet the growing demand for more sophisticated investment solutions across the full range of investment advisory services."
About Morningstar Investment Management Asia
Morningstar Investment Management Asia Limited, part of the Morningstar Investment Management group, is regulated by the Hong Kong Securities and Futures Commission. The Morningstar Investment Management group creates custom investment solutions that combine award-winning research and global resources with the proprietary data of Morningstar, Inc. The Morningstar Investment Management group includes 11 investment advisory entities around the world that provide comprehensive retirement, investment advisory, and portfolio management services for financial institutions, plan sponsors, and advisors. As of March 31, 2014, the Morningstar Investment Management group had approximately $164 billion in assets under advisement and management.
About Morningstar, Inc.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offers an extensive line of products and services for individuals, financial advisors, and institutions. Morningstar provides data on approximately 456,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 12 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its registered investment advisor subsidiaries. The company has operations in 27 countries.
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Media Contacts:
Ceci Chung, +852 2973 4655 or cecilica.chung@morningstar.com