Morningstar has rolled out new managed portfolios offered through financial advisors that feature exchange traded funds.
The Chicago-based company this week introduced a suite of new strategies to Morningstar Managed Portfolios, a fee-based discretionary investment management program.
The new strategies include active/passive, momentum ETF and global tactical ETF portfolios that were developed by Ibbotson Associates, according to a Morningstar press release. Ibbotson is a Morningstar subsidiary.
“We’re thrilled to make the Ibbotson portfolios available to the more than 30,000 independent financial advisors who have access to the Morningstar Managed Portfolios platform,” Jeffrey Ptak, president and chief investment officer of MIS, said. “Advisors have increasingly sought low-cost, active investing solutions that employ exchange-traded funds. We think they’ll find plenty to like in the Ibbotson portfolios, which further broaden our lineup while putting Ibbotson’s institutional capabilities within their clients’ reach.”
The Ibbotson Active/Passive Portfolios will include ETFs in areas that are less developed for active managers and actively managed funds backed by managers who are more likely to add value.