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SOURCE Morningstar, Inc.
CHICAGO, July 7, 2014 /PRNewswire/ -- Morningstar, Inc. (NASDAQ: MORN), a leading provider of independent investment research, and Barron's, the financial magazine published by Dow Jones & Co., today released highlights of their annual national survey examining the perception and usage of alternative investments among institutions and financial advisors. This survey is now in its eighth year.
"Mutual funds continue to grow as the vehicle of choice for accessing alternative strategies. 2013 marked the strongest asset flows into alternative funds and the largest number of fund launches on record," Josh Charlson, director of manager research, alternative strategies, said. "For the fourth year in a row, long-short strategies garnered the most interest, but growing apprehension toward the bond market has also contributed to blistering growth in nontraditional bond funds."
Morningstar and Barron's conducted the survey in March 2014 and received responses from 372 institutions and 301 financial advisors. Among the major trends in alternative investment usage and perception:
Long-short equity strategies continued to lead the way; interest also turning to multialternative and nontraditional bonds
Mutual funds accelerate as vehicle of choice for alternative strategies; investments concentrated in few funds
Still interest and perceived value in alternatives, but enthusiasm may be moderating; fees remain a concern
Manager experience trumps "skin in the game" when it comes to investment selection; standard benchmarks still the standard
Highlights and commentary from the survey appeared in the July 7 issue of Barron's. The complete survey results, including charts, can be viewed here. In addition, on July 22 at 1:00 pm CDT, Morningstar experts will host a webinar to discuss the major findings of the survey. Click here to register for the webinar.
Morningstar has approximately 5,500 active hedge funds and funds of hedge funds in its database as well as 780 alternative mutual funds and ETFs. Morningstar analysts cover about 70 percent of mutual funds in the alternative category by assets. The company also offers a family of alternative indexes. Through its recent acquisition of ByAllAccounts, Morningstar aggregates financial account data for alternative investments and delivers it directly to portfolio accounting platforms. Click here to request more information about ByAllAccounts' alternative investment aggregation. Hedge fund investors, managers, consultants, and advisors can research alternative strategies through Morningstar DirectSM, the company's global research platform for institutions.
About Morningstar, Inc.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offers an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors. Morningstar provides data on approximately 456,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 12 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $164 billion in assets under advisement and management as of March 31, 2014. The company has operations in 27 countries.
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