Morningstar expands ratings service to UK managed portfolios

The launch also introduces category averages, which Morningstar said allows direct peer-to-peer comparison across UK managed portfolios. Morningstar outlined that it is "the only UK provider" to collect underlying holdings and calculate risk-adjusted performance consistently across managed portfolios, using its independent methodology to "support transparency and credibility". Morningstar principal for multi-asset strategies Tom Mills said: "This expansion applies Morningstar's trusted frameworks to a new suite of investments, providing advisers and investors with more decision-making...