CHICAGO, Jun 29, 2001 Morningstar, Inc., a leading provider of investment information and analytical tools, today announced that its European subsidiary has launched free Web-based information services in Germany and Spain. German investors now have access to information on 3,500 mutual funds at http://www.morningstarfonds.de, and Spanish investors have access to information on more than 3,000 mutual funds at http://www.morningstar.es.
Morningstar content includes holdings-based portfolio analysis, the Morningstar RatingTM and the Morningstar® Style BoxTM. A team of fund analysts populates the sites with real-time market news, mutual fund commentary, feature stories and proprietary data.
Morningstar's newest European Web sites also include analytical tools such as Fund Selector, which allows investors to search the database for funds that match their specific criteria, and Portfolio X-Ray®, which helps investors create and examine mutual fund portfolios, either real or hypothetical.
"The need for independent investment information from a reliable source such as Morningstar Germany has increased as the call for pension reform in our country has grown," said Anne Connelly, director of Morningstar Germany.
"The emergence of fund supermarkets and the large number of funds being distributed in Spain has created a pressing need for the detailed, reliable and independent information that Morningstar Spain offers," said Mark Roomans, director of Morningstar Spain.
Morningstar opened its European headquarters in London in April 2000. The company employs 65 people in Europe and has launched Web sites in the United Kingdom, Italy and the Netherlands this year.
About Morningstar, Inc.
Chicago-based Morningstar, Inc. is an independent provider of investment information and analytical tools. Morningstar.com is listed among the top investing sites by publications such as The Wall Street Journal, Barron's, SmartMoney, Money, and Worth. The company provides investment information for a number of leading Web sites, including Microsoft MoneyCentral, Quicken.com, America Online, and Yahoo! Finance.
Morningstar is a global company with nearly 800 employees in the United States, Japan, Canada, Australia, New Zealand, Europe and Asia. The company collects, validates and publishes information on more than 50,000 investment products worldwide.