MORNINGSTAR, INC.
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| BN and Partners Selects Morningstar to Create Portfolios for Fondsnet Advisors use in Germany | ||||
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FRANKFURT, 20 January, 2015-BN and Partners has selected Morningstar Investment Management Europe Ltd, part of the Morningstar Investment Management group, to create three new portfolios-stable, balanced, and dynamic. The portfolios are now available on the Erftstadt-based advisor network Fondsnet. The three portfolios are named BN and Morningstar Aktiv Portfolio Stabilitaet, the BN and Morningstar Aktiv Portfolio Balance, and the BN and Morningstar Aktiv Portfolio Dynamik. They are multi-asset fund of fund portfolios aimed at investors with three, five and 10 years minimum investment horizons respectively. Each portfolio targets a different level of risk exposure and each holds a diverse range of investment vehicles to optimise efficiency from a risk/return perspective. "Through this collaboration, we are pleased to bring together the investment solutions capabilities from Morningstar Investment Management Europe with two well-positioned and long-term oriented companies such as Fondsnet and BN and Partner," Werner Hedrich, CEO Morningstar Germany, said. "The cooperation will benefit from each party's individual strengths and expertise in order to form a high-quality solution for advisors and their clients." The initiator and legal manager of the portfolios, as per local regulations under the German Banking Act-the Kreditwesengesetz-is the registered asset manager BN and Partners Deutschland AG, part of the Reuss Private Group AG. Morningstar Investment Management Europe's advisory of the portfolios involves all aspects of a portfolio design solution. This includes asset allocation-both long-term strategic and tactical-the selection of underlying funds, portfolio construction, and continuous monitoring of the internal requirements regarding investment and return and risk objectives. "It is a great privilege for us to work with Morningstar," Georg Kornmayer, CEO of Fondsnet, said. "The three BN and Morningstar Aktiv Portfolios enable our 2,000 business partners to offer their clients first-class portfolio solutions within a global infrastructure. We believe this offering is unparalleled in terms of the depth and professionalism that it brings to investors, and that this kind of joined-up solution points the way to the future of the German advisory market." The underlying funds within each portfolio have been selected by Morningstar Investment Management Europe in accordance with each portfolio's specific strategic and tactical asset allocation targets. To support this, the investment advisory team draws upon the expertise of more than 100 Morningstar manager research analysts around the world, who follow a globally consistent methodology that uses both qualitative and quantitative measures to identify the funds believed to be most likely to outperform its peers and/or relevant benchmark on a risk-adjusted basis over the long-term. The quality of the funds selected for inclusion in the portfolios is monitored by the dedicated Morningstar Investment Management Europe team, which leverages 100 investment professionals worldwide. The Morningstar Investment Management Europe collaboration with BN and Partners brings the first set of portfolios intended for the broad German advisor market by way of a platform. The portfolios are available through licensed financial advisors who have access to Fondsnet. Morningstar Investment Management Europe already provides to the German market a number of portfolio solutions available via insurance companies and packaged within insurance products. The services of Morningstar Investment Management Europe, which include asset allocation, investment selection, and monitoring of funds, address the investment related needs faced by advisors in an increasingly complex and regulatory-driven environment. About Morningstar, Inc. and the Morningstar Investment Management Group 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 479,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 13 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. The company has operations in 27 countries. Morningstar's Investment Management group, through its investment advisory subsidiaries, creates custom investment solutions that combine award-winning research with proprietary Morningstar data. With approximately $169 billion in assets under advisement and management as of Sept. 30, 2014, the Investment Management group provides retirement, investment advisory, and portfolio management services for financial institutions, plan sponsors, and financial advisors around the world. In Europe, these services are provided by Morningstar Investment Management Europe Ltd., which is authorised and regulated by the Financial Conduct Authority. About Fondsnet and BN and Partner Based in Erftstadt near Cologne, Fondsnet was founded in 1995 as an investment fund intermediary. With assets under administration in excess of €10 bn (as of 31/12/2014) and more than 2,000 direct business partners it is one of the largest independent broker pools in Germany. Fondsnet operates in a partnership with the asset management company BN and Partners Deutschland AG and the tied agent boutique BN and Partners Capital AG, which, together, have about €1.2 bn of assets under administration. # # # | ||||
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