Morningstar is implementing several changes to its proprietary mutual fund category classification structure for Malaysian-domiciled funds. Effective 30th October 2015, Morningstar will transition Malaysian funds from a set of regionally based categories to a new, locally relevant classification system specifically for funds domiciled in Malaysia.
“These category changes, which reflect our desire to meet the new and developing needs of the fund industry, will enable Malaysian investors and asset managers to more readily assess the competitive market,” Anthony Serhan, Morningstar’s Managing Director of Research Strategy, Asia Pacific, said. “In addition to making our quantitative ratings and rankings more relevant to the Malaysian market, these changes will allow us to incorporate localized classification rules and benchmarks into our database. The new classifications will make it easier for investors to build well-diversified portfolios, which are particularly relevant for Malaysian investors who are increasingly considering global asset classes.”
To read the press release about the categories changes, click here.
To read more about Morningstar’s category classification methodology for Malaysian-domiciled funds, click here.
