The move follows a similar project in the US, which resulted in regulation necessitating the disclosure of such information, and will be rolled out across the UK, the Netherlands, Germany and Scandinavia.
Andy Pettit, director of European Data and Research Strategy at Morningstar, said: “[The change] concerns information about who is managing your money. It has always been a minority of funds which tell you no more than the fact it’s a team managing your money which gives you nothing to gauge the stability the size, or the tenure of the team.
“What we are doing is taking away that option and redoubling our efforts to be told the individuals that are actually making those decisions on your behalf.”
In the future the group will also look to clarify investment objectives, and provide more information on the stake the fund managers have in their open-ended funds, information which is already provided for closed-end vehicles.
Morningstar Investment Management appointed a new chief executive a few months ago – find out more here.
