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SOURCE Morningstar, Inc.
CHICAGO, Jan. 6, 2014 /PRNewswire/ -- Morningstar, Inc. (NASDAQ: MORN), a leading provider of independent investment research, today announced the nominees for its 2013 U.S. Fund Manager of the Year awards. The awards acknowledge managers who not only delivered impressive performance in 2013, but who have also delivered excellent long-term risk-adjusted returns, and have been good stewards of fund shareholders' capital. To recognize outstanding fund managers each year, Morningstar selects leaders in five strategies: domestic stock, international stock, fixed income, alternatives, and allocation.
The nominees for the 2013 Fund Manager of the Year awards in the United States are:
Domestic-Stock Fund Manager of the Year:
International-Stock Fund Manager of the Year:
Fixed-Income Fund Manager of the Year:
Alternatives Fund Manager of the Year:
Allocation Fund Manager of the Year:
Scott Burns, Morningstar's director of global fund research, said, "We have an esteemed list of nominees for this year's awards, filled with fund managers who have adeptly steered shareholder capital and outperformed their peers over the long term, in addition to attaining strong returns in 2013."
Morningstar will announce its 2013 U.S. Fund Manager of the Year award winners on Jan. 15 live on CNBC's "Power Lunch" program. For Morningstar's article about the Domestic-Stock Fund Manager of the Year award nominees, visit http://www.morningstar.com/goto/fmoy2013-nominees. Articles about the nominees for the other four awards will be published on Morningstar.com throughout the rest of the week.
Established in 1988, the Morningstar Fund Manager of the Year award recognizes portfolio managers who demonstrate excellent investment skill and the courage to differ from the consensus to benefit investors. To qualify for the award, managers' funds must have not only posted impressive returns for the year, but the managers also must have a record of delivering outstanding long-term risk-adjusted performance and of aligning their interests with shareholders'. Nominated funds must be Morningstar Medalists-a fund that has garnered a Morningstar Analyst Rating™ of Gold, Silver, or Bronze. The Fund Manager of the Year award winners are chosen based on Morningstar's proprietary research and in-depth qualitative evaluation by its fund analysts.
About Morningstar, Inc.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offers an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors. Morningstar provides data on approximately 437,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 10 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its registered investment advisor subsidiaries and has approximately $176 billion in assets under advisement and management as of Sept. 30, 2013. The company has operations in 27 countries.
Analyst Ratings are subjective in nature and should not be used as the sole basis for investment decisions. Analyst Ratings are based on Morningstar's current expectations about future events and therefore involve unknown risks and uncertainties that may cause Morningstar's expectations not to occur or to differ significantly from what was expected. Morningstar does not represent its Analyst Ratings to be guarantees nor should they be viewed as an assessment of a fund's or the fund's underlying securities' creditworthiness. The references above should not be considered a solicitation by Morningstar to buy securities.
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