Morningstar Canada is seeking comment about a proposed categorization system that would replace 34 categories that the Canadian Investments Funds Standards Committee oversees. According to a discussion paper released May 26, Morningstar plans to introduce 46 new categories, including 15 for hedge funds, after the public comment period ends June 23. Morningstar says “investors are best served by categories that enforce a high degree of mandate purity – ensuring that fund managers are actually investing according to their fund’s stated objectives and style.”
