SYDNEY, 6 March 2012 — Morningstar Australasia, a subsidiary of independent research firm Morningstar, Inc. (NASDAQ: MORN), has launched Morningstar® Australian Institutional Surveys, designed to enable institutional investors, superannuation trustees, asset consultants, and other market participants to meaningfully compare Australian investment strategies.
The Morningstar® Australian Institutional Sector Survey covers the investment strategies in the principal asset classes, and the Morningstar® Australian Superannuation Survey provides comprehensive coverage of Australian-offered retirement savings vehicles. Both surveys draw on Morningstar's expertise in data collection, database management, and design and presentation of financial information. They also leverage the 20-year history of the former Intech Surveys. Morningstar acquired Intech in 2009.
The Australian Institutional Surveys show returns, peer rankings, sizes, asset allocations, and proprietary ratios over multiple time periods, accompanied by informative commentaries. The Superannuation Survey includes both commercial for-profit and industry superannuation options. Morningstar classifies the investment strategies according to a proprietary classification system created to facilitate meaningful peer-relative comparisons. Morningstar encourages fund managers to supply performance composite data calculated according to the CFA Institute Global Investment Performance Standards (GIPS®).
"The Morningstar Australian Institutional Surveys represent a new benchmark for comprehensive performance data for Australian institutional investment strategies," said Morningstar Australasia Chief Executive Officer Anthony Serhan. "The new surveys will provide superannuation fund trustees, asset consultants, and institutional investors with timely and meaningful assessments of investment performance, helping them to make better-informed decisions, which will ultimately benefit Australian investors.
"The Australian Institutional Surveys also address some of the key issues with traditional performance reporting. The incorporation of our Batting Average ratio provides a simple measure that shows how consistently an investment manager has performed against a benchmark, not just how the manager has performed from one single point in time to another. The surveys will also include a survivorship bias-free index of average performance for the survey peer groups," Serhan said.
The Australian Institutional Surveys are available by annual subscription, and Morningstar will deliver them to subscribers and the Australian media on a monthly basis in Adobe® Acrobat® PDF format. The relevant return series and statistics will also be available in Morningstar® DirectTM, the company's web-based global investment analysis platform for institutional investors.
About Morningstar Australasia and Morningstar, Inc.
Morningstar Australasia Pty Limited is a subsidiary of Morningstar, Inc., 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 advisers, and institutions. Morningstar provides data on approximately 375,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than eight 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 adviser subsidiaries and had more than US$180.0 billion in assets under advisement and management at 31 December 2011. The company has operations in 27 countries.