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Morningstar Korea Appoints Andy Jung, CFA, as Director of Manager Research

Morningstar Korea, Ltd., a subsidiary of leading independent investment research provider Morningstar, Inc. (NASDAQ: MORN), today announced that Andy (Seung-Hye) Jung, CFA, has joined the company as director of manager research. Jung oversees Morningstar Korea’s qualitative and quantitative manager research in the country.

Jung is responsible for leading four manager research analysts and directing Morningstar’s coverage of the Korean market, which includes analyst reports, articles, and white papers about investment funds, asset managers, and relevant topics for Korean investors. Jung is based in Seoul and reports jointly to Grant Kennaway, Morningstar’s head of Asia-Pacific manager research, and Jung-Tae Chae, chief executive officer of Morningstar Korea.

“We’re thrilled to welcome Andy to Morningstar Korea. We began offering qualitative fund ratings and research reports in Asia about five years ago, to help investors make more informed investing decisions,” Chae said. “Andy has extensive knowledge of the Korean asset management industry, with experience in manager research and fund and product evaluation, and will add valuable insights to our research effort. “

Jung was previously an asset manager for Woori Bank’s Retirement Pension department, where she conducted manager selection, performance monitoring, portfolio construction, and retirement pension product development. She previously worked as a senior investment consultant for Towers Watson and as a research and competitive analysis manager for Fidelity Asset Management Limited. From 2000 to 2003, Jung was a deputy manager on the research team for the joint venture of Morningstar, Inc. and Shinheung Securities in Korea.

Jung holds a bachelor’s degree in psychology and a master’s degree in international studies from Chung-Ang University in Seoul. She also holds the Chartered Financial Analyst® (CFA) designation and is currently a member of the CFA Korea Society’s education committee. She previously served as a member of the society’s career development and GIPS committees.

Morningstar has approximately 100 manager research analysts worldwide who cover approximately 4,300 funds. The company provides data on approximately 175,000 open-end mutual funds, 9,700 closed-end funds, and 11,000 exchange-traded product listings as of Sept. 30, 2014.

Morningstar Korea, Ltd. is a subsidiary of Morningstar, Inc., a leading provider of independent investment research 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 retirement plan providers and sponsors. Morningstar provides data on approximately 479,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 13 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately USD$169 billion in assets under advisement and management as of Sept. 30, 2014. The company has operations in 27 countries.

Morningstar expanded to Asia in April 2000 and has grown its businesses into Japan, Korea, India, mainland China, Taiwan, Singapore, and Hong Kong. The Asia operations not only offer timely information on mutual funds, but also insightful and independent analyses, unbiased fund ratings, and sophisticated analytical tools to help both individual and professional investors make better investment decisions.