Chicago (Oct. 31, 2003) -- Acknowledging the rising popularity of separately managed accounts, Morningstar announced Thursday that it has developed a new rating system for the popular investment tool.
To help investors and their advisors in this area, Morningstar introduced the Morningstar Rating for separate accounts, which is based on the company's proprietary risk-adjusted return methodology. The company also introduced the Morningstar Flexibility Measure(SM) for separate accounts ("Flex Measure"), a tool that helps investors measure the level of customization that each separate account offers.
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