Morningstar Introduces StockInvestor Core Index

June 30, 2010 ( - Morningstar, Inc. has created the Morningstar StockInvestor Core Index , a diversified portfolio of stocks from the Tortoise and Hare portfolios featured in the Morningstar StockInvestor newsletter.

The Tortoise and Hare portfolios comprise high-quality companies that are trading at sharp discounts to what Morningstar’s equity research analysts believe they’re worth. The StockInvestor Core Index holds almost all of the stocks from the Tortoise and Hare portfolios.   

According to a press release, to be eligible for inclusion in the StockInvestor Core Index, a stock must have $100 million in market capitalization, a Morningstar Economic Moat Rating of Narrow or Wide, and a Morningstar Rating for stocks of at least four stars. The Morningstar StockInvestor Core Index will use the ticker symbol MSIC.  

The announcement said Invesco PowerShares Capital Management LLC has licensed the StockInvestor Core Index to serve as the new benchmark for the PowerShares Value Line Industry Rotation Portfolio ETF, which has been renamed the PowerShares Morningstar StockInvestor Core Portfolio (see Invesco PowerShares ETFs Undergo Index and Name Changes).   

More information is at