The investment research firm will launch the initial indexes, which will cover the core fixed income categories of US Treasury and corporate bonds, in the first quarter.
Eric Jacobson, a mutual fund analyst for the company for more than a decade, will head the development of the Morningstar Fixed Income Indexes.
“While there are numerous fixed-income indexes available today, most of them are difficult to replicate in an investment vehicle because their holdings are so vast and many of their securities are illiquid,’ Jacobson said in the release. He also said non-institutional investors have a hard time getting performance data on most fixed-income indexes.
Credit Suisse will be the calculation agent for the Morningstar Fixed Income Indexes.