Morningstar Enhances Variable Annuity Data to Create Most Complete Database In Industry.CHICAGO Chicago, city, United States
Chicago (shĭkä`gō, shĭkô`gō), city (1990 pop. 2,783,726), seat of Cook co., NE Ill., on Lake Michigan; inc. 1837. , July July: see month. 8 /PRNewswire/ -- Morningstar, Inc. has significantly enhanced its proprietary variable annuity Variable Annuity
An insurance contract in which, at the end of the accumulation stage, the insurance company guarantees a minimum payment. The remaining income payments can vary depending on the performance of the managed portfolio. data, creating the most comprehensive VA universe in the industry. The Morningstar database now includes full coverage of 975 variable life policies, 30,500 subaccounts, 2,800 underlying insurance funds, and the most complete collection of Variable Investment Trust/VA underlying funds. With the additional underlying funds information, and Morningstar's proprietary measurements, such as the Morningstar Rating(TM) and Morningstar Style Box(TM), asset managers can better compare funds for competitive research and product development, and financial advisors can research funds to assemble better client portfolios.
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"We have been providing data on variable annuities Variable annuities
Investment contracts whose issuer pays a periodic amount linked to the investment performance of an underlying portfolio. since the early 1990s. With our recent changes, investment professionals can now turn to Morningstar for the most complete VA information available anywhere," said Liz Kirscher, president of Morningstar's data services unit. "We've enhanced our database to include all the tools advisors and institutional investors need to conduct in-depth research and weigh variable annuities against other investment products such as individual stocks, mutual funds, closed-end funds, and separate accounts."
With the new, enhanced variable annuity database, professional investors and financial advisors can now:
-- Measure variable annuity underlying fund information against open-end mutual funds to ensure an apples-to-apples comparison. -- Isolate variable annuity subaccount and variable annuity fund performance information from fees and insurance expenses to conduct the most thorough analysis. -- Evaluate variable annuities using the new Morningstar Rating(TM) methodology, and the new Morningstar Categories for more focused research.
The data, which is updated monthly, will be rolled out this summer in the following products:
-- Morningstar(R) DataLab(R), a Web-based investment research platform for institutions, combines advanced holdings and performance analysis with an inside look into Morningstar's proprietary statistics across data universes. In addition to its mutual fund and separate account universes, DataLab features underlying funds data in its variable annuity universe that can help research professionals conduct advanced peer group and style analysis. Asset managers and insurance companies can use DataLab to research, create, monitor, and market variable annuity products. -- Morningstar(R) Principia(R) is one of the leading investment software systems in the financial planning industry. It features a series of six modules that provide timely data on more than 15,000 mutual funds, 2,600 separate accounts, 7,000 stocks, 500 closed-end funds, and 30,500 variable annuity/life subaccounts. -- Morningstar(R) Advisor Workstation(SM) is an online investment-planning system. With Advisor Workstation, advisors can create customized Morningstar Hypothetical Reports for any combination of variable annuities, separate accounts, mutual funds, stocks, exchange-traded funds, closed-end funds, and individual stocks. -- Investment Profiles, one-page summary reports for both subaccounts and underlying funds, that present key performance and portfolio information for investment professionals to use with clients.
The company first began offering variable annuity information in May 1991 through Morningstar's Variable Annuity Performance Report.
About Morningstar, Inc.
Morningstar, Inc. is a global investment research firm, offering an extensive line of print, software, and Internet-based products and services for individuals, financial advisors, institutions, and the media. The company is a trusted source for investment information, data, and analysis of stocks, mutual funds, separate accounts, exchange-traded funds, 529 plans, closed-end funds, and variable annuity/life products.
Morningstar(R) Advisor Workstation(SM) is provided by Morningstar Associates, LLC (Logical Link Control) See "LANs" under data link protocol.
LLC - Logical Link Control , a registered investment advisor Registered Investment Advisor (RIA) is a designation obtainable in the United States by an individual who has registered with the U.S. Securities and Exchange Commission or state regulatory agency (where the primary business is situated or multiple States in some cases) in and a wholly owned subsidiary Wholly Owned Subsidiary
A subsidiary whose parent company owns 100% of its common stock.
In other words, the parent company owns the company outright and there are no minority owners. of Morningstar, Inc.
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