In response to the sub-prime mess, Morningstar
is working with mutual fund companies to develop a tool that will allow fund investors to gauge their exposure to derivatives, Daisy Maxey
reports in today's WSJ FundTrack
. Joe Mansueto, announced the new product line Friday at Baron Funds' 16th annual investment conference in New York, adding that the line had been in development for more than a year and that a product roll out is "in the home stretch." Mansueto also commented that fund companies had been very cooperative in sharing the data.
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