Morningstar Makes Indexes Free for Benchmarking

Members of the project's advisory council say indexes are a top-five data cost, yet factors such as switching costs and brand recognition deter them from changing suppliers.

Joe Mansueto

For indexes included in the project, participants will receive price return, total return, net return, and month-end constituent data for more than 100 of its indexes, covering different sectors, styles and regions.

Morningstar has also created an Advisory Council for the project, comprised of 25 firms, including Ariel Investments, Dodge and Cox, Eaton Vance Management, and Guggenheim Investments.

"Fund investors today are paying substantially lower fees than when we opened our doors more than

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