Morningstar (NASDAQ: MORN), a leading provider of independent investment research, today announced the launch of its UK fund flows data service for funds domiciled in the UK.
Morningstar's fund flows data service enables industry professionals to review fund flows by sector, fund type, fund group, and legal structure to analyse investment trends and investor sentiment across the asset management industry. It is available alongside Morningstar screening and presentation tools within Morningstar DirectTM, the company's global institutional research platform.
"We believe the addition of Morningstar's fund flows service for UK funds offers the most timely and powerful flow information available to the UK market," said Geoff Balzano, chief executive officer of Morningstar UK. "Planned future developments include relating flow data to other data attributes such as expenses as well as quantitative and qualitative ratings, further enabling detailed analysis on the cause and effect of asset flows."
Morningstar fund flow data is available during the third business week of each month. The data is updated monthly and is calculated on a net estimated flow basis, designed to remove the impact of asset appreciation by considering funds' beginning assets, monthly total return, and ending assets.
MackayWilliams LLP, a specialist asset management consulting and research company, is the first organisation in the UK to use the service.
"The UK is one of Europe's most competitive markets and the need for timely sales data has never been more important for the multitude of fund groups that are battling to build market share," said Diana Mackay, founder and chief executive officer of MackayWilliams LLP. "The ability to see estimated net sales data just three weeks after each reporting month will be a big boost to sales directors, product development professionals, and business strategists alike."
The Morningstar fund flows data service for UK funds represents approximately £959 billion in UK industry AUM across more than 2,200 funds, including £71 billion in funds-of-funds. The data can be filtered by both the Morningstar Global Investment Fund sectors and the Investment Management Association sector classifications.