U.S. Department of Defense to Offer Morningstar Investment Research and Tools to all Military Personnel
November 18 2009 - 10:15AM
PR Newswire (US)
CHICAGO, Nov. 18 /PRNewswire-FirstCall/ -- Morningstar, Inc.
(NASDAQ: MORN), a leading provider of independent investment
research, today announced that the U.S. Department of Defense has
entered into an agreement with Morningstar to offer its proprietary
investment research and tools to all military service personnel and
their families worldwide. The online database, Morningstar®
Investment Research Center, features research and analytical tools
from Morningstar's popular retail Web site, Morningstar.com®, and
will be available to approximately 6.5 million Department of
Defense employees and their families. Members of the U.S. Navy have
been using the service since 2002, but this agreement extends
access to the entire Department of Defense network, including the
U.S. Army, U.S. Air Force, U.S. Marine Corps, and U.S. Coast Guard.
Morningstar Investment Research Center will allow Department of
Defense employees to take advantage of numerous Morningstar
features from most military base libraries and all military service
portals, which include Military OneSource, Army OneSource, Army
Knowledge Online (AKO), Navy Knowledge Online (NKO), and My AF
Portal. Military personnel will have access to: -- In-depth data
reports on nearly 9,500 stocks, 24,000 mutual funds, and 800
exchange-traded funds. -- Proprietary, independent Morningstar
analyst reports on 1,800 stocks, 1,700 mutual funds, and 350
exchange-traded funds. -- Innovative evaluation tools, including
the Morningstar Rating(TM) for funds, stocks, and exchange-traded
funds, the Morningstar Style Box(TM), and Morningstar Stewardship
Grade(SM). -- Robust screening and portfolio tools. -- An online
classroom that provides educational courses on basic investing
concepts such as compounding and expense ratios, and strategies
such as determining risk tolerance. "We're thrilled that the
Department of Defense sees the value in offering our proprietary
investment research and tools to its employees," said Susan
Dziubinski, director of library services for Morningstar. "In this
volatile economic environment, investors are clamoring for
information they can trust to make better investment decisions. The
military is offering its personnel around the globe an excellent
benefit by giving them direct access to in-depth, independent
research from Morningstar." "We're excited to have the Morningstar
Investment Research Center available in our libraries and on
military service portals," added Carla Pomager, family and morale
welfare and recreation command, Alexandria, VA. "Now, all military
service members and their families can check out their investments
from the convenience of their home or office." Morningstar
Investment Research Center is an interactive investment database
with information on more than 30,000 stocks, mutual funds, and
exchange-traded funds. It combines cutting-edge technology with
Morningstar's investment know-how to meet the needs of patrons and
reference librarians at public, academic, and corporate libraries
nationwide. Designed specifically for libraries, it provides
independent analysis, industry information, stock charts,
portfolio-building tools, and investment education. For more
information, please visit
http://library.morningstar.com/mkt/mircdemo.htm. About Morningstar,
Inc. Morningstar, Inc. is a leading provider of independent
investment research in North America, Europe, Australia, and Asia.
The company offers an extensive line of Internet, software, and
print-based products and services for individuals, financial
advisors, and institutions. Morningstar provides data on more than
325,000 investment offerings, including stocks, mutual funds, and
similar vehicles, along with real-time global market data on more
than 4 million equities, indexes, futures, options, commodities,
and precious metals, in addition to foreign exchange and Treasury
markets. The company has operations in 20 countries and minority
ownership positions in companies based in two other countries.
©2009 Morningstar Inc. All rights reserved. MORN-P Media Contact:
Carling Spelhaug, 312-696-6150 or DATASOURCE: Morningstar, Inc.
CONTACT: Carling Spelhaug, +1-312-696-6150, Web Site:
http://www.morningstar.com/
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