Morningstar announced Thursday is has acquired Fundamental Data Ltd. of the UK, a closed-end fund data provider based in London, for $19 million, subject to post-closing adjustments.


Fundamental Data tracks closed-end funds around the world, including the complete universe in the U.S. and the UK, with a database that tracks 1,500 funds, with more that 3,000 data points for each fund, on behalf of clients including major investment banks, stockbrokers, private client advisers, accounting firms, wealth managers and other professionals.


Detailed fund information includes price, intraday net asset values and distribution histories, as well as performance, risk statistics andearnings details.


Fundamental Data is also the official data provider of data to the Association of Investment Companies, a trade association of closed-end funds in the UK.


Geoff Balzano, chief executive officer of Moringstar UK, said: “Our goal is to continue to build a world-class investment database, and our acquisition of Fundamental Data positions us as a leading provider of global closed-end fund data. The addition of this data also strengthens all of our officers for individuals, advisers and institutions, particularly in the UK.”

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