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Business Wire
24-06-2025
- Business
- Business Wire
Morningstar Brings Greater Transparency to Private Markets for Advisors
CHICAGO--(BUSINESS WIRE)-- Morningstar, Inc. (Nasdaq: MORN), a leading provider of independent investing insights, today debuted new features in Direct Advisory Suite (the next phase of Advisor Workstation) to help financial advisors analyze and integrate private investments into client portfolios. These enhancements are now available and will be showcased at the Morningstar Investment Conference, taking place June 25-26 in Chicago. 'Morningstar's universal language of investing has helped advisors and investors bring clarity to complexity for decades,' said Kunal Kapoor, chief executive officer of Morningstar. 'As private investments become part of more investor portfolios, we're extending that language to help bring the same comparability and confidence to private markets that we've delivered for investors in public markets.' The new capabilities in Direct Advisory Suite are designed to help advisors evaluate, compare, and communicate the role of private investments within a broader portfolio context. Key features include: Expanded Investment Research: Advisors now have access to a new private capital fund universe to screen, compare, and monitor private investments, and semiliquid vehicles such as interval and tender-offer funds are now easier to find. Morningstar's updated categorization system integrates private capital vehicles alongside public market securities, so investors can analyze investments holistically. Enhanced Risk Profiling: The Morningstar Risk Model now accounts for private capital funds, and the Morningstar Portfolio Risk Score breaks down the risk percentage driven by volatility and liquidity restrictions. Portfolio Transparency Tools: Advisors can visualize the percentage of a portfolio exposed to private investments. Proposal-Ready Reporting: FINRA-reviewed investment proposal summary report now includes new risk and liquidity metrics. Alternative Investments Hub: A new topic page aggregates Morningstar's research and editorial content on alternatives, supporting advisor education and client conversations. 'As private markets become more accessible, advisors need actionable data, standardized analytics, and unified workflows to assess the full spectrum of investment opportunities,' said James Rhodes, president of Morningstar's Direct Platform. 'We're drawing on our history as an investor advocate and force for transparency to give Direct Advisory Suite users the ability to analyze private investments with the same rigor they expect for public markets—helping them deliver desired outcomes for their clients.' Converging Markets The new features come at a time of expanding investor choice and accelerating interest in private markets. Morningstar's 2025 Voice of the Investor study found 25% of retail investors already hold private equity investments, and that number rose to 35% among those with $500,000 or more in investable assets. To help investors approach decisions with clarity and careful due diligence, Morningstar is drawing on PitchBook's extensive private market data and extending its independent analysis to the fastest-growing corners of the private and semi-private market universe. Next quarter, Morningstar analysts will begin publishing qualitative, forward-looking Medalist Ratings for semiliquid funds such as interval funds, tender-offer funds, nontraded business development companies (BDCs), and nontraded real estate investment trusts (REITs). The newly published State of Semiliquid Funds emphasizes that the expansion of access to private markets is well underway; however, semiliquid funds are not making private markets more affordable. While semiliquid funds offer expanded access to private markets and potential for higher returns, they come with significant risks, including average fees that are three times higher than traditional open-end funds, widely used leverage that magnifies both losses and gains, and potential liquidity constraints. To learn more about how Morningstar's data speaks converging markets, visit For more on Direct Advisory Suite, click here. About Morningstar, Inc. Morningstar, Inc. is a leading provider of independent investment insights in North America, Europe, Australia, and Asia. The Company offers an extensive line of products and services for individual investors, financial advisors, asset managers and owners, retirement plan providers and sponsors, institutional investors in the debt and private capital markets, and alliances and redistributors. Morningstar provides data and research insights on a wide range of investment offerings, including managed investment products, publicly listed companies, private capital markets, debt securities, and real-time global market data. Morningstar also offers investment management services through its investment advisory subsidiaries, with approximately $341 billion in AUMA as of March 31, 2025. The Company operates through wholly-owned subsidiaries in 32 countries. For more information, visit Follow Morningstar on X @MorningstarInc. About PitchBook, a Morningstar Company PitchBook, a Morningstar company, offers financial data and software that provides transparency into the capital markets to help professionals discover and execute opportunities with confidence and efficiency. PitchBook collects and analyzes detailed data across both private and public markets—including VC, PE, leveraged loans, private credit, real estate, real assets, infrastructure, funds of funds, secondaries, co-investments, CLOs, and more. The company's data and analysis are available through the PitchBook Platform, industry news, and in-depth reports. Founded in 2007, PitchBook operates globally with more than 3,000 team members. Its platform, data, and research serve over 100,000 professionals around the world. About Morningstar's Manager Research Group Morningstar's Manager Research Group consists of various wholly owned subsidiaries of Morningstar, Inc. including, but not limited to, Morningstar Research Services LLC. Morningstar Manager Research provides independent, fundamental analysis on managed investment strategies. Morningstar views are expressed in the form of Morningstar Medalist Ratings, which are derived through research of three key pillars—People, Process, and Parent. The Morningstar Medalist Rating is the summary expression of Morningstar's forward-looking analysis of investment strategies as offered via specific vehicles using a rating scale of Gold, Silver, Bronze, Neutral, and Negative. A global research team issues detailed research reports on strategies that span vehicle, asset class, and geography. Medalist Ratings are not statements of fact, nor are they credit or risk ratings, and should not be used as the sole basis for investment decisions. A Medalist Rating is not intended to be nor is a guarantee of future performance. This press release is for informational purposes only; references to securities should not be considered an offer or solicitation to buy or sell the securities. ©2025 Morningstar, Inc. All rights reserved.
Business Wire
07-05-2025
- Business
- Business Wire
Interactive Brokers擴展預測市場的權限，實現一周六天近乎24小時的交易
康乃狄克州格林威治--(BUSINESS WIRE)--(美國商業資訊)-- 全球自動化電子經紀商 Interactive Brokers (Nasdaq: IBKR) 今日宣布，已延長預測合約（Forecast Contracts）的交易時間，現在符合條件的客戶可以從周日到週五一周六天幾乎全天候交易這些合約。這提升了客戶管理風險的彈性，一旦機會出現，便能就經濟、政府和氣候事件表達市場觀點。 預測合約提供了一種直接且具成本效益的方式，讓投資人能夠根據重大經濟、政府及環境事件的結果預測建倉。每份合約都是一個「是」或「否」的問題，例如：「美國經濟會在2025年第二季結束前進入衰退嗎」，投資人便根據其展望買入頭寸。 Interactive Brokers行銷和產品開發執行副總裁Steve Sanders表示：「現今的市場會對跨地域、跨時區發生的事件做出即時反應。透過延長預測合約的交易時間，我們為客戶提供了彈性，無論關鍵市場發展何時出現，他們皆能夠立即採取行動。」 預測合約可在各種IBKR交易平台上交易，包括行動和桌面應用程式、Trader Workstation (TWS)、Client Portal以及專門的網頁版平台IBKR ForecastTrader。根據市場對各事件可能性的評估，合約價格在0.02美元至0.99美元之間。正確的預測以1.00美元結算，而錯誤的預測則以0美元結算，提供了投資人情緒的透明即時指標。 預測合約透過Interactive Brokers旗下受CFTC監管的全資子公司ForecastEx LLC提供。符合資格要求的Brokers LLC (US)、Interactive Brokers Canada Inc.和Interactive Brokers Hong Kong客戶可以交易這些合約。 若要查看即時市場價格並開始交易，請造訪： IBKR ForecastTrader – 美國以及IB LLC所服務的國家和地區 IBKR ForecastTrader – 加拿大 IBKR ForecastTrader – 香港 投資高手皆選擇Interactive Brokers 關於Interactive Brokers Group, Inc.： Interactive Brokers Group的附屬公司利用一站式統一平台，在多個國家的超過160個市場以多種貨幣為全球客戶提供全天候的證券、大宗商品、外匯和期貨合約的自動化交易執行和代管服務。我們的服務對象涵蓋個人投資人、避險基金、自營交易團體、財務顧問和仲介經紀商。四十年來對於科技和自動化的專注，使我們能夠為客戶提供獨特的尖端平台來管理他們的投資組合。我們力求以較低的價格或免費為客戶提供有利的執行價格和交易、風險與投資組合管理工具、研究工具和投資產品，協助他們實現優厚的投資報酬。Interactive Brokers一直是公認的頂尖經紀商，曾榮獲《巴倫週刊》、Investopedia、 免責聲明：本公告之原文版本乃官方授權版本。譯文僅供方便瞭解之用，煩請參照原文，原文版本乃唯一具法律效力之版本。
