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Cecilica Chungcecilica.chung@morningstar.com
Monetary Authority of Singapore Grants Financial Adviser’s License to Morningstar Investment Adviser Singapore Pte Limited

SINGAPORE, 3 February 2017—The Monetary Authority of Singapore (MAS) has granted Morningstar Investment Adviser Singapore Pte Limited a license to provide financial advisory services in Singapore. Morningstar Investment Adviser Singapore Pte Limited is part of independent investment research provider Morningstar, Inc. (NASDAQ: MORN). As an entity licensed by the MAS, Morningstar Investment Adviser Singapore Pte Limited can now provide investment advice through publications, thematic reports, and individual analyst reports on securities to the local market through Morningstar websites and products.

”We have built a reputation as an objective and credible source for investors and advisors around the world because we translate data and information into research that provides analytical and visual tools to help them make informed decisions,” Nick Cheung, CEO of Morningstar in Asia, said. "We are pleased that this license enables us to build a team on the ground in Singapore that will leverage Morningstar’s global capabilities to deliver top-notch insights to local individual and professional investors.”

More information about Morningstar’s offerings is available at corporate website. As of 30 September 2016, Morningstar had more than 300 research analysts worldwide, covering approximately 1,460 equities and 3,860 funds.

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 individual investors, financial advisors, asset managers, and retirement plan providers and sponsors. Morningstar provides data on nearly 540,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on approximately 18.5 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 investment advisory subsidiaries, with more than USD$200 billion in assets under advisement and management as of 30 September 2016. The company has operations in 27 countries.

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