Asian Private Banker, a pan-Asian private bank-focused media outlet, has named Morningstar the winner in the “Best Service Provider – Fund Research” category in its annual Asset Management Awards for Excellence. Morningstar received the award for its manager research, ratings, and service offering for the second year in a row.
The Asset Management Awards for Excellence are the preeminent representation of the opinions of the private banking and wealth management industry. Thirty-two key decision makers of fund selection and distribution across 25 private banks in Hong Kong and Singapore select the award winners. More information about the awards program is available at https://asianprivatebanker.com/awards.
“We are honored to be recognized by this award for our manager research offerings in Asia. Our mission at Morningstar is to help investors reach their financial goals, and we strive to be the trusted provider to private banks across the region. Our enterprise solution is a one-stop-shop for quality data, independent analytics, tailored reporting, and fund selection,” Nick Cheung, Chief Executive Officer for Morningstar in Asia, said. “In addition to hosting our research on Morningstar Direct, our institutional investment analysis platform, our service is further complemented by Morningstar Manager Research Services, which allows our analysts to share with our clients greater context on individual funds or strategies, investment teams, asset managers, or asset class developments. With our integrated offering, private banks are better equipped to select investments and create portfolios that meet the needs of their clients.”
According to Asian Private Banker’s judging panel, "Widespread dispersion of returns within traditional benchmarks and the growing demand for more than just traditional long-only solutions is leading to greater research demands in Asia’s private banking industry. For the second consecutive year, private banks continued to depend on Morningstar’s leading research capabilities for intel and insights, rightfully rewarding it as this year’s Best Service Provider - Fund Research."