Products November 4, 2002

UBS Licenses Morningstar Indexes for ETF Products

April 11, 2002 (PLANSPONSOR.com) - UBS Global Asset Management has become the first company to license Morningstar Inc.'s stock indexes, Morningstar announced.
Reported by

The indexes UBS Global Asset Management will use for its US and European exchange traded funds (ETF) are based on what Morningstar said is an enhanced version of its Style Box methodology.

In addition to serving as tools for portfolio construction and performance measurement, Morningstar said its indexes would be further licensed to institutions to create investment vehicles including mutual funds, ETFs, and derivative securities.

Morningstar’s first index offerings will include seven aggregate indexes:

  • broad Market Index
  • three Capitalization Indexes: Large, Mid, and Small
  • three Style Indexes: Value, Core, and Growth

Morningstar will also include nine Style Box Component Indexes:

  • large capitalization: Value, Core, and Growth
  • mid capitalization: Value, Core, and Growth
  • small capitalization: Value, Core, and Growth

Dow Jones Indexes will be the calculation agent for Morningstar Indexes, Morningstar said. The indexes will be calculated real time in US dollars, and the daily closing values will be available in Euros, British pounds and Yen.


 

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