S&P/Morningstar transaction complete
Standard & Poor’s (S&P) has completed the sale of its mutual fund data business to Morningstar and will now license the data back for use in its research and ratings services.
The transaction includes performance, rankings and holdings data on more than 135,000 funds in more than 30 countries, as well as desktop applications and data feed products.
S&P made the decision to sell this portion of the company in order to focus on its core analytical services revolving around the global funds industry.
The offloading will allow S&P to expand its independent fund ratings and research business, as well as its investment consulting services, including asset allocation, portfolio construction and manager selection.
Recommended for you
ASIC has released the results of the latest financial adviser exam, held in November 2025.
Winners have been announced for this year's ifa Excellence Awards, hosted by Money Management's sister brand ifa.
Adviser exits have reported their biggest loss since June this week, according to Padua Wealth Data, kicking off what is set to be a difficult December for the industry.
Financial advisers often find themselves taking on the dual role of adviser and business owner but a managing director has suggested this leads only to subpar outcomes.
