New Morningstar Tool For Investors

Morningstar Inc. has introduced a new graphical tool–the Ownership Zone–that gives investors a more complete picture of a mutual fund‚s holdings.

Morningstar derives a mutual fund‚s Ownership Zone by plotting each stock in the fund‚s portfolio within Morningstar‚s Style Box. The area in which most of the holdings fall is shaded to provide an intuitive representation of the area of the market in which the fund invests. A red dot in the middle of the Ownership Zone represents the weighted-average of all the fund‚s holdings.

"Many investors think they are building well-diversified portfolios, but they don‚t realize that two funds that appear to be similar in style or size may in fact hold very different securities with different risk characteristics," says Don Phillips, Morningstar‚s managing director.

"Morningstar‚s new Ownership Zone makes the popular Style Box significantly more useful for building diversified portfolios because it immediately depicts the style differences between two funds in the same box," said Harold Evensky, a certified financial planner and chairman of Evensky, Brown & Katz.

Ownership Zones are being launched through Morningstar Advisor Workstation, which offers online investment planning tools; Morningstar Principia, an investment research and management software program; and, the firm‚s Web site for financial advisors.

Pioneer Introduces Fund

Pioneer Funds of Boston has launched a protected principal fund.

The Pioneer Protected Principal Plus Fund II offers investors a guaranteed amount equal to their net investment, plus a minimum cumulative increase of 14% on Class A shares and 8.75% on Class B and C shares, provided they remain fully invested for seven years and reinvest all dividends and distributions.

The fund will invest in U.S. fixed-income securities, as well as equities. Investors can place initial orders through the National Securities Clearing Corp. to purchase the fund from now until May 30. The seven-year guarantee period runs from June 4, 2003, to June 4, 2010. After that, the fund will pursue long-term growth through an all-equity strategy and additional shares may be purchased. Advisors seeking more information may request a prospectus from their investment representative or by calling Pioneer at (800) 225-6292.

Firm Joins Triad Advisors

Mark Robare, Jack Jones and Carol Hearn, who form The Robare Group in Houston recently affiliated with broker-dealer Triad Advisors Inc. in Atlanta.

Robare Group, an independent financial advisory firm, manages approximately $200 million in client assets. Triad Advisors, a privately held independent broker-dealer, RIA and insurance agency, serves 250 independent financial professionals throughout the country.

First « 1 2 » Next