4 March 2008
Morningstar and Il Sole 24 ORE, partners in investment services
Morningstar, the global leader in the analysis and evaluation of mutual funds and in analytical tools supporting financial institutions, has concluded an agreement with Il Sole 24 ORE, leader in business and financial news and in the sale of financial products to the public, for exclusive distribution of some Morningstar services and products via its sales network and on-line via the site www.shopping24.com.
The Il Sole 24 ORE network will distribute Easy Funds and Morningstar Advisor Workstation Office Edition. The first of these items is a tool for bank branches, permitting fast analysis, selection, and classification of mutual investment funds. The second is an advanced service for banking networks and for networks of financial advisors and private bankers that combines all tools necessary for analysis of funds, creation of investment plans, and presentation of simple reports, useful for commercial utilisation.
The agreement – signed with the Multimedia Division of Il Sole 24 ORE, headed by Matteo Cascinari – also includes creation by Morningstar of the “Funds” section for the sitewww.ilsole24ore.com/money24, on-line since 15 February this year, with information, data, and analyses. It is later planned to launch a premium, paid section, featuring value-added services for sophisticated investors and advisors having needs exclusively relating to information.
“Morningstar and Il Sole 24 ORE have the common feature of a known and recognised brand, as well as authority and long experience in the financial sector”, stated Davide Pelusi, managing director of Morningstar Italy. “The agreement is an important step forward in the strategy of increased circulation of Morningstar services throughout Italy. In the Il Sole 24 ORE sales network, we have found a very professional and competitive structure, well-established nationwide and therefore right for distribution of our solutions”.
“The agreement with Morningstar is part of our strategy to relaunch and develop professional products for the financial sector”, commented the head of Il Sole 24 ORE’s Multimedia Division Matteo Cascinari. “Il Sole 24 ORE’s partnership with Morningstar, global leader in the specific investment-fund segment, assures the market of a top-quality and totally reliable offering”.
For further information, please contact:
Sara Silano
Morningstar Italy
Morningstar Italy
Tel: +39 02 30301222
Cell:+39 335 5984879
Mariagrazia Briganti
Morningstar Italy
Ginevra Cozzi