CHICAGO, Mar 21, 2001 Morningstar, Inc., a leading provider of investment information and analytical tools, today announced that Morningstar Asia has launched a Web-based investment information service at www.hk.morningstar.com.
Morningstar Hong Kong's Web site content includes holdings-based portfolio analysis, unit-trust and stock filters, and detailed analyses by Morningstar's local financial experts.
"We are bringing quality information to Hong Kong's marketplace where investors require in- depth information on mutual funds since the implementation of the Mandatory Provident Fund (MPF) retirement system. This regulation offers investors savings programs similar to defined-contribution plans in the United States," said Joe Mansueto, chairman and chief executive officer of Morningstar. "Our site will be an excellent resource for investors, offering them investment education and information on unit trusts and stocks from the most-trusted source in the U.S. for more than 15 years."
Tao Huang, CEO of Morningstar Asia said, "The launch of our Morningstar Asia Web site is the first step in our effort to bring quality investment education and information to a region that is experiencing significant change in financial regulation. We will provide the insight and essential information Hong Kong investors need to make informed unit-trust investment decisions."
Morningstar Asia was established in April 2000 as a joint venture between Morningstar, Inc., Pacific Century CyberWorks in Hong Kong, and Softbank Finance Corporation of Japan.
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, Worth, and U.S. News & World Report. Morningstar provides investment information for a number of leading Web sites, including Microsoft MoneyCentral, Quicken.com, America Online, Yahoo! Finance, and Netscape Personal Finance.
Morningstar is a global company with nearly 800 employees in the United States, Japan, Canada, Australia, New Zealand, Korea, Europe and Greater China. Morningstar collects, validates and publishes information on more than 50,000 investment products worldwide.