Barclays Global Investors
, N.A. licensed Morningstar
, Inc.’s 16 style-based indexes and will use them as the basis for a new set of exchange traded funds. The indexes track the U.S. market by capitalization and investment style using a 10-factor methodology that separately evaluates value and growth characteristics.
"We created the Morningstar Indexes to serve as better building blocks for portfolio construction," said Don Phillips
, managing director for Morningstar. "BGI is a market leader in creating exchange traded funds, and our interests in serving investors and financial advisors are clearly aligned. We’re delighted that BGI has selected the Morningstar Indexes as benchmarks for creating investment vehicles that will help investors build better diversified portfolios."
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