Morningstar announced today that it is now including daily data and analysis on exchange-traded funds (ETFs) in Morningstar Advisor Workstation, an online product at the MorningstarAdvisor.com 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."

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