Morningstar to Provide Quantitative Ratings for Brazilian Funds to XP Investimentos

Sao Paulo - 1 December 2014

Morningstar Brazil, a subsidiary of independent investment research provider Morningstar, Inc. (NASDAQ: MORN), has been selected by XP Investimentos to provide the Morningstar Rating™ for funds for 223 of the 400 Brazilian funds available on its website.

XP Investimentos is Brazil’s largest independent retail brokerage firm and the first Brazilian brokerage firm to carry Morningstar’s ratings. XP Investimentos provides investment education and a portfolio of financial products and services for approximately 80,000 clients, including individual investors and financial advisors.

“Morningstar and XP Investimentos share a commitment to helping investors make educated investment decisions,” Luiz Braga, sales manager for Morningstar Brazil, said. “Morningstar has a strong reputation for serving investors worldwide, and we are pleased that XP Investimentos is now publishing Morningstar’s fund ratings to help investors conduct research on funds for their portfolios.”

Morningstar launched the Morningstar Rating for funds in 1985. The Morningstar Rating for funds, commonly known as the “star rating,” is a quantitative measure of a fund’s past performance—including both return and risk—as measured from one to five stars and is intended to help investors better compare a fund’s performance with that of its peers. The Morningstar Rating methodology is available here.

Morningstar opened its office in Brazil in 2012 and recently added to its research database investments from the Brazilian Association of Financial and Capital Markets (ANBIMA) and Securities and Exchange Commission of Brazil (CMV), including mutual funds, equities, indexes, exchange-traded products, and real estate, along with equities from the BMandF Bovespa exchange. As of Sept. 30, 2014, Morningstar provides data on approximately 840 Brazilian equities and 14,000 Brazilian-domiciled funds, including 2,200 closed-end funds, in addition to more than 62,000 funds domiciled outside of Brazil, 11,000 exchange-traded products, and 72,000 indices, among other investment offerings.

Morningstar offers several products and services for institutional investors, such as insurance companies, commercial banks, mutual funds, pension funds, and brokerage firms, in Brazil, including Morningstar Direct?, the company’s global investment analysis platform for institutional investors; Morningstar® Integrated Web Tools?, which provides website solutions that support investment research, portfolio analysis, retirement plan management, sales, and more; and real-time global market data from every major exchange and index. 

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