Morningstar is now including daily data and analysis on exchange-traded funds (ETFs) in Morningstar Advisor Workstation, an online product at the Web site for investment professionals. The Web site offers reports on more than 40,000 stocks, mutual funds, ETFs, closed-end funds and variable annuity sub-accounts.

"Exchange-traded funds have become an important tool for advisers as they strive to reduce their clients' taxes and fees," said Geoff Balzano, product manager for the Morningstar Advisor Workstation. "Now advisers can search Morningstar's database to find the right ETF for a client and analyze how that new investment will affect other holdings."

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.