Morningstar has acquired Fundamental Data, a provider of data on closed-ended funds in Britain, for £11m, subject to post-closing adjustments. Fundamental Data covers all British and American domiciled closed-ended funds as well as offshore and local closed-ended funds worldwide. Its clients include investment banks, stockbrokers, fund management groups, private client advisers, accountancy firms, wealth managers, and other professionals.
CorrectionLast week’s news report on the Henderson UK Opportunities fund (page 9) mistakenly stated that the fund had recently converted to Ucits III. The fund was in fact already structured as a Ucits III product. It was the use of extended powers allowed under the structure that its shareholders approved last month.