Outsourcing buy lists offers investor benefit but industry unlikely to follow suit

ii says 'time to evolve'

James Baxter-Derrington
clock • 6 min read

Outsourcing fund buy lists “undoubtedly” offers benefits to investors, however the industry is unlikely to follow the example set by interactive investor and Morningstar last month.

On 17 January, interactive investor announced it had made the decision to outsource the collation, production and maintenance of its select lists, including Super 60 and ACE 40, to Morningstar. Richard Wilson, ii chief executive, said as rated lists had become an important "starting point" for investors, it was "time to evolve". "We do not want to mark our own homework," Wilson explained. "There is a big funds universe out there, and it is time to broaden our scope." He added the move would free up the ii analyst team to add "more challenge and innovation" to its funds research. ...

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