Morningstar Canada releases discussion paper on new fund categories

Date: Monday, May 29, 2006
Author: Investment Executive

Investment Executive

Morningstar Canada today issued a discussion paper for comment about its proposed new fund categorization system. When implemented, the new categories will replace the existing 34 categories overseen by the Canadian Investment Funds Standards Committee (CIFSC), of which Morningstar was a sponsor firm until earlier this year. "The new Morningstar Canada Categories represent a significant improvement in terms of our ability to provide useful and meaningful tools for fund measurement and performance analysis," said Morningstar Canada president and CEO Scott Mackenzie.