Barclay’s Plans to Launch New ETFs Based on Morningstar Ratings

Barclay’s Global Investors said Monday it plans to launch nine new exchange-traded funds based on the Morningstar Style Box methodology, a move that will bolster its already dominant position in the ETF space.

The new Morningstar iShares cover each of the nine categories in the Morningstar Style Box such as Large Value, Medium Blend or Small Growth. Each grid within the style box represents the type of securities the fund primarily invests in according to its market capitalization and investment style. Barclay’s owns more than 65% of the market share in the ETF business.