Morningstar Takes Stake in Fund Rating Partner Sustainalytics
The ownership stake will support the continued joint development of sustainable investment products and related tools.
Morningstar and Sustainalytics became partners two years ago to develop the Morningstar Sustainability Rating for global mutual and exchange-traded funds, which launched in March 2016 and now covers more than 35,000 funds, followed in October by a Global Sustainability Index Family, which comprises 27 global equity indexes geared toward sustainable investing. Morningstar has also since released company-level ESG metrics for companies held by mutual funds and ETFs, and a tool to screen portfolios
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