Morningstar launches 6 managed accounts

Morningstar has launched 6 new managed accounts - called the Medalist Core managed accounts - that will include highly rated funds and ETFs across a range of growth profiles.

The six managed accounts are the Medalist Core Conservative Portfolio, the Medalist Core Moderate Portfolio, the Medalist Core Balanced Portfolio, the Medalist Core Growth Portfolio, the Medalist Core High Growth Portfolio and the Medalist Core All Growth Portfolio Fact Sheet

"Having a well-established asset management capability, in addition to dedicated independent manager and equity research businesses, gives us a distinct advantage in offering multi-manager multi-asset portfolios," Morningstar head of institutional portfolio management and solutions Jody Fitzgerald said.

"We have the specialist resources to ensure we bring a level of robustness to every aspect of the portfolio build and execution that is paramount in an increasingly complex market and regulatory environment that few groups can boast."

The managed accounts will be regularly reviewed and rebalanced across a group of funds made up of Gold-, Silver- and Bronze-rated managers. They will also use both active and passive strategies where appropriate.

"We are not just a research house building a managed account portfolio of our top recommendations...We're also integrating our decades and wealth of portfolio management experience to build portfolios designed to better empower your clients' financial decisions and investment success," Fitzgerald said.

The managed accounts will complement Morningstar's existing suite of managed accounts.